BitcoinUpdated Bitcoin growth slowing
I don't like being bearish, but I am seeing a slowing down of the hyperbolic growth we have seen in bitcoin
It might just be taking a pause like the NASDAQ or could represent investors being cautious.
If it can break the upper line at 63,500 we should see continual growth
If not I suspect it to stay within the slow declining channel until it finds a lower support level
It might just be taking a pause like the NASDAQ or could represent investors being cautious.
If it can break the upper line at 63,500 we should see continual growth
If not I suspect it to stay within the slow declining channel until it finds a lower support level
Note
It's unfortunate Bitcoin is crashing. My chart predicted a slow decline over many months, but it appears investors are panicking and selling at a much quicker rate. I am trying to determine the floor/support level. The only other frame of reference I can find is the slow growth channel that was established in 2019 to December 2020. 
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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.