Bulls Whispers: How 2015's Ghosts Haunt Bitcoin

ArShevelev Updated   
Looking in BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved.

A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023.

What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to BTCUSD movements. These parallels suggest a cautiously bullish outlook for Q4, 2023.

Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.

Bollinger Bands Width squeeze confirms the idea of similar bear markets in 2015 and 2023. Go check it out 👇👇
💡👉 Comparing 2023 and 2019-20 accumulation periods. Bitcoin potential bullish sign. They look identical!🤏
We still there and it gets interesting 🤔
Greed Index still neutral 🤗

💡It will change soon!
Can we break through $50K in January?
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