Have we reached the end of the Bull Market?
In an analysis earlier than a month ago, I saw that bitcoin was possible after losing an all-important uptrend line could make a double bottom at 43k.
But I also warned of the possibility of going for 30k because it could bring negative thinking from investors, largely due to the high euphoria that we were experiencing. Today many say the possibility of bitcoin going up to 20k or less, but I don't believe that. Bitcoin has been respecting the latest LTA that comes from the corona crash (March 13, 2020), a super important area, where whales are taking advantage of the negative thinking of new investors and other less experienced speculators, to accumulate more bitcoin.
Let's wait for the next few days, bitcoin holding this last LTA, there is still a very high possibility that it will have new highs this year.
See the previous analysis below:
I would really appreciate your like for future analysis.
But I also warned of the possibility of going for 30k because it could bring negative thinking from investors, largely due to the high euphoria that we were experiencing. Today many say the possibility of bitcoin going up to 20k or less, but I don't believe that. Bitcoin has been respecting the latest LTA that comes from the corona crash (March 13, 2020), a super important area, where whales are taking advantage of the negative thinking of new investors and other less experienced speculators, to accumulate more bitcoin.
Let's wait for the next few days, bitcoin holding this last LTA, there is still a very high possibility that it will have new highs this year.
See the previous analysis below:
I would really appreciate your like for future analysis.
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