BitcoinLong
Is it time yet?? Bulls incoming
Updated
Hi, it's been a while. Just wanted to share my thoughts on bitcoin.
Since the start of year 2018, all bitcoin had ever experience was a bear/crash market from its peak $19000 down to $3000.
Is this actually normal? Historically yes!
In the past every bear market bitcoin had experienced was a drastic fall (more than 60% of its gain) followed by a crazy bull run. Scroll back the charts and you shall see.
Recently, these past few months, price action had shown us that bitcoin had a bullish flag breakout from its lowest bottom; $3000. Mind you, this is the first bullish sign since 2018. From here on, I expect bitcoin to climb its way back to $6000/$7000 price level before meeting any selling pressure.
Cheers.
Since the start of year 2018, all bitcoin had ever experience was a bear/crash market from its peak $19000 down to $3000.
Is this actually normal? Historically yes!
In the past every bear market bitcoin had experienced was a drastic fall (more than 60% of its gain) followed by a crazy bull run. Scroll back the charts and you shall see.
Recently, these past few months, price action had shown us that bitcoin had a bullish flag breakout from its lowest bottom; $3000. Mind you, this is the first bullish sign since 2018. From here on, I expect bitcoin to climb its way back to $6000/$7000 price level before meeting any selling pressure.
Cheers.
Note
Officially hit $6000. Well played
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.