$Bitcoin - Its all in the charts.
As can be seen, BTC is moving in a curve. This curve seems to have found bottom around 16k for this cycle and is right now hugging the bottom trend line.
-Given this curve, will we see 16k again?
-Looking at the historicals, most likely not. But IF the price action breaks the bottom trendline then that will be a first and after that anything can happen.
If everything goes according to plan, and by plan I mean according to history, we should see a cycle top around next year second half, latest by start of 2025 but we may not need that much time.
-What will be the catalyst for a new cycle top?
-No idea. I make my decisions only looking at the chart and not news.
-Can I be wrong?
-Maybe, maybe not.
Only thing we as investors can do, is to DCA our position and wait.
-Given this curve, will we see 16k again?
-Looking at the historicals, most likely not. But IF the price action breaks the bottom trendline then that will be a first and after that anything can happen.
If everything goes according to plan, and by plan I mean according to history, we should see a cycle top around next year second half, latest by start of 2025 but we may not need that much time.
-What will be the catalyst for a new cycle top?
-No idea. I make my decisions only looking at the chart and not news.
-Can I be wrong?
-Maybe, maybe not.
Only thing we as investors can do, is to DCA our position and wait.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.