Bitcoin is currently in a undervalued zone using weekly charts.
Last time a bearish cycle of 84 days was on 17 may 2021- 02 august 2021.This time 29 Nov 2021-07 feb 2022 we are currently 70 days into this bear cycle.
We might dip to 38k in the next 14 days but buying bitcoin at these zones may prove very profitable.
Last time a bearish cycle of 84 days was on 17 may 2021- 02 august 2021.This time 29 Nov 2021-07 feb 2022 we are currently 70 days into this bear cycle.
We might dip to 38k in the next 14 days but buying bitcoin at these zones may prove very profitable.
Trade active
A week has passed and we are still trading above 40kTrade active
This may turn to a profitable week for bitcoin
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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.
Related publications
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.