THREE YEAR BEAR for BTC
Following this spring rally of bitcoin, we will have a longer bear market...…
I have compared the current bear market to the silver bear market and the last BTC bear market.
It's not the first one i have made, but this is the last revision.
Falling triangles, falling wedges, double bottoms, triple bottoms, it's all there and it will take a while before we will finally walk out of the bear market.
After a double bottom like this, it will take roughly the same time to get to the same level again. Meaning 10 months back to around 3K.
Capitulation and accumulation takes time and bitcoin is compared to other markets already on hyper speed modus.
I have compared the current bear market to the silver bear market and the last BTC bear market.
It's not the first one i have made, but this is the last revision.
Falling triangles, falling wedges, double bottoms, triple bottoms, it's all there and it will take a while before we will finally walk out of the bear market.
After a double bottom like this, it will take roughly the same time to get to the same level again. Meaning 10 months back to around 3K.
Capitulation and accumulation takes time and bitcoin is compared to other markets already on hyper speed modus.
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