BITCOIN BEAR MARKET IDEA
In this chart we take a look at the possibles levels for the bear market bottom. We took the 2 previous bear markets from top to bottom, and both of them gave us the same level for a possible bottom for Bitcoin, from 20k - 17k + - a few hundreds. The yellow bars indicates the first bear market, and the black bars indicates the 2nd bear market. both bear markets hit the 78.6% fib retracement - a few percentages. We will probably have a very slow fall towards the levels if we indeed hit it. I am expecting a very slow year due to the financial market conditions. Suggesting people to keep some good amount of stable coins on the side to take advantage on the best opportunity that may present to us in case of a good capitulation.
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.