Here's a quick chart I put together mimicking BTC's last recovery from bear market. One line of specific interested to me is the base line that I placed based off of the turning point BTC. I see a lot of confluence here and I think we'll see this line on a lot of peoples charts in the future as a new baseline support.
What do you think? July 2020 until anything major in crypto run sound right to you too?
I think we have yet to see the bear market. Remind me when we hit 2.5k :)
roaken
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@jollygreen, yup definitely still in the cards. A new higher high would confirm that we're out of the bear market me.
roaken
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And according to this chart, we wouldn't see a higher high till next July. Long wait for crypto..
jollygreen
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@roaken, Very true. We can't really know either way until we get there. I think the longer wait would be great for market consolidation and would really help the potential for the next bull run. Boring markets are not exciting but awesome for future potential. The sooner the bull run happens now (or attempts to run), the faster it will run out of momentum.
That 2018 high was 4 years in the making! It is worth waiting for the best things.