BTC steady uptrend and cooling off
I strongly believe that we are just now following the "real" trendline of steady but slowly growth of bitcoin. As it can be seen on the chart bitcoin has been oscillating around that uptrend line and the recent bull run was way above that trendline that it did hit once and bounced up a little.
I do not believe the fall from 70k was caused by a bearmarket but instead I believe it was just a cooling off. Think of it like things coming back to normal, while normal being the steady trendline shown in the chart.
From here I strongly believe that there are only 2 scenarios.
In scenario 1
BTC will follow that trend line and will go on slightly above or below like it did in 2018-2019 for the next couple if years;
In scenario 2BTC will start it's oscillation bellow the line and thus starting the bear market. With it's strongest resistance at around 4000)
Those are just speculations and ideas and they are not guaranteed to fulfill and only time will tell how it will go.
I do not believe the fall from 70k was caused by a bearmarket but instead I believe it was just a cooling off. Think of it like things coming back to normal, while normal being the steady trendline shown in the chart.
From here I strongly believe that there are only 2 scenarios.
In scenario 1
BTC will follow that trend line and will go on slightly above or below like it did in 2018-2019 for the next couple if years;In scenario 2
BTC will start it's oscillation bellow the line and thus starting the bear market. With it's strongest resistance at around 4000)Those are just speculations and ideas and they are not guaranteed to fulfill and only time will tell how it will go.
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