Comparing the current trend of BTC with the trend after the high point in 2018, it can be found that after the high point appeared, a round of decline began, followed by a consolidation range that stepped back to the bottom for many times, and finally the price quickly fell below to form a real bottom. In addition to this, it can also be seen that the 2018 high-to-low drop was 84.27%, while the current BTC drop since the high is about 75%. If BTC reaches a low of 9920.33, it will drop by 85.62%, which is similar to the drop in 2018. If combined with the overall environment, BTC, which belongs to the risk market, has the opportunity to come to around 10000. - For now, focus on the support below 14646.25 12841.53 -
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.