Hi, it's been a while. Just wanted to share my thoughts on bitcoin.
Since the start of year 2018, all bitcoin had ever experience was a bear/crash market from its peak $19000 down to $3000.
Is this actually normal? Historically yes!
In the past every bear market bitcoin had experienced was a drastic fall (more than 60% of its gain) followed by a crazy bull run. Scroll back the charts and you shall see.
Recently, these past few months, price action had shown us that bitcoin had a bullish flag breakout from its lowest bottom; $3000. Mind you, this is the first bullish sign since 2018. From here on, I expect bitcoin to climb its way back to $6000/$7000 price level before meeting any selling pressure.
Cheers.
Since the start of year 2018, all bitcoin had ever experience was a bear/crash market from its peak $19000 down to $3000.
Is this actually normal? Historically yes!
In the past every bear market bitcoin had experienced was a drastic fall (more than 60% of its gain) followed by a crazy bull run. Scroll back the charts and you shall see.
Recently, these past few months, price action had shown us that bitcoin had a bullish flag breakout from its lowest bottom; $3000. Mind you, this is the first bullish sign since 2018. From here on, I expect bitcoin to climb its way back to $6000/$7000 price level before meeting any selling pressure.
Cheers.
Comment:
Officially hit $6000. Well played