This chart is right in line with what I know of bitcoin. I see that point on your charts where everyone throws their hands up and just admit they made a horrible investment's in 2017. They sell and move on,miners shut down and sell cards, it was a lesson learned. The same thing happened last time and only then, when the sentiment is RIP BTC, will we be ready for the next run. This shake out is as epic as the bull run before it! True believer's only from here on out, the rest can sit on the sidelines while we get rich, i'm fine with that.
I think a bottom was made already here are my charts!
Will_Wortel
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@CryptoFido, your multi year support is very fragile. he just touched your support just once. The multi year "stable" support btc allready broke. nothing tells me this is a stable support line. I think the neckline of the IHS will not break out. Volume sucks.
Good luck ta
Longbitcoin
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would be really hard winter. cannot believe somethink like this will happen. To many whales will come in next time
Will_Wortel
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@SebastianVlahovic, Thanks for commenting Sabastian.
We’ve seen that news not is a big price influencer anymore. We think that only big Institional money will bring a big price jump. And that depends on the SEC approval for BTC
Before the LAW has written around crypto it will take years. At the moment there is none. And the SEC will wait for LAW, acceptation and regulation.
People seriously think thats a manner of months.
Look at SEC approval for gold, how long did that takes.
Not only SEC but also the models says us it will take a long time before the big bull will enter crypto again
Great chart, god bless, see you in 2025!