Gladly I show the long-term logarithmic or mooncycle image of bitcoin =)
Currently we are in the accumulation phase where we will be still a while. the bigger the circle the longer the bear market lasts, the longer the accumulation phase lasts and the longer the bull run will take. Important for the Bitcoin is that he no longer gives up the 5000 mark and at least the 3000 mark. Otherwise, the whole cycle could be destroyed and make the wonderful chart image unusable.
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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.