Bitcoin long term analysis

Updated

Data taken from the 2017 Bitcoin market marking similarities in the current market. Breaking the blue resistance line would indicate the start of a bullish market based of off previous behaviour

Note

We've now had a break below much like 2017, except this time we have the 200 Weekly Moving Average supporting us within the lower support/resistance levels

Note

We've had a complete meltdown and dropped straight to bottom support, no retest of deviation line (red) little testing blue resistance, now below 200WMA. I find it hard to believe we won't go back up to atleast retest some of these levels

TEWetard

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