On the one-month chart, I have highlighted a two-year bull run on Bitcoin compared to the NASDAQ during 1998-2000. It is interesting to note that March has always had fascinating price action; price will generally pivot or form a bottom or top at these price levels. The significance of Pi is evident even on a calendar.
Bitcoin's rise and fall parallel the Dot-Com Bubble more than ever, with insolvency being the last stage of confirmation. We can expect a much longer bear market ahead of us. A major bull run will not return to the market until a longer term of stability is reintroduced.
Although we can see exponential moves up, a real bottom can take a couple years. A linear chart highlighting March on the NASDAQ is shown for comparison.
I’ll allow the readers to form their own opinions.
Bitcoin's rise and fall parallel the Dot-Com Bubble more than ever, with insolvency being the last stage of confirmation. We can expect a much longer bear market ahead of us. A major bull run will not return to the market until a longer term of stability is reintroduced.
Although we can see exponential moves up, a real bottom can take a couple years. A linear chart highlighting March on the NASDAQ is shown for comparison.
I’ll allow the readers to form their own opinions.
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.
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.