I have prepared a long-term weekly TF chart to compare the 2017-2019 bitcoin movement with the current wave. It was interesting to see the last correction 42,000 to 29,000 area matched with the old candles.
Correction? - If the same trend is repeated, the next correction could be in the range of 71 thousand to 50 thousand in the next month!
- But if history repeats itself, can we see $250,000 in bitcoin before the end of the year? Institutions continued to buy? Governments do not react to the amount of liquidity in the cryptocurrency market?
Disclaimer! This post does not provide financial advice. you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.