[BTCUSD W-Chart Study] Long term bear market until depress at 3K
Updated
Are you depressed because of Bitcoin's price? No? Then the bear market might not be over yet.
Looking at
BTCUSD on a weekly chart it looks like BTC still has some ways to go before the next bull run.
Let me know what you think.
NOT FINANCIAL ADVICE. SIMPLY MY OPINION AND ONE OF THE POSSIBLE PATHS BITCOIN CAN TAKE.
- Cryptocamp
Looking at
BTCUSD on a weekly chart it looks like BTC still has some ways to go before the next bull run.Let me know what you think.
NOT FINANCIAL ADVICE. SIMPLY MY OPINION AND ONE OF THE POSSIBLE PATHS BITCOIN CAN TAKE.
- Cryptocamp
Note
And the average production cost of mining 1 BTC in CHINA is 3.1k. Since China controls the biggest part of all mining of BTC I expect this to be the floor for BTCNote
*Not Financial Advice*Expecting a very quick drop to $9665 to close the CME gap and rekt leveraged longs. After that I expect a very significant spike upwards towards new highs.
*Not Financial Advice*
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.