BTC, How to identify the bottom of bitcoin and altcoins ❓
A very simple and clear way to determine the bottom of bitcoin and altcoins.
On the chart, we have highlighted the fundamental zone of bitcoin and marked the places of extreme liquidations. Liquidations are fuel for the market. The market cannot grow continuously without corrections or consolidations. The fundamental area is the average price for a huge trading period.
Statistically, buying at these conditions has always been a good opportunity to buy bitcoin and altcoins.
Right now the price has corrected more than 50% from its all-time highs, but there are still no huge liquidations or volumes. And the fundamental zone is also much lower. That doesn't mean that the price will come to this area, but if it does it will be a gift, which happens once every 3-4 years and the best buying opportunity.
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On the chart, we have highlighted the fundamental zone of bitcoin and marked the places of extreme liquidations. Liquidations are fuel for the market. The market cannot grow continuously without corrections or consolidations. The fundamental area is the average price for a huge trading period.
Statistically, buying at these conditions has always been a good opportunity to buy bitcoin and altcoins.
Right now the price has corrected more than 50% from its all-time highs, but there are still no huge liquidations or volumes. And the fundamental zone is also much lower. That doesn't mean that the price will come to this area, but if it does it will be a gift, which happens once every 3-4 years and the best buying opportunity.
💚 Please like and subscribe to us to get more ideas like this.
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