According to 2018, what will happen to the future of Bitcoin?
In 2021 BITCOIN The THREE DRIVER pattern was created in the range of $ 43,000 to $ 65,000. The characteristic of this pattern is that the price falls to 50% of the price peak after the failure of the pattern which was $ 32,000.
But will bitcoin fall again after this and see lower prices?
To answer, we have to go back to 2018, when Bitcoin reached a price peak of $ 20,000. It fell and reached its 0.78 Fibonacci zone. The characteristic of Fibonacci 0.78 is that it has a poor uptrend power and after a while it has neither a strong upturn nor a strong downturn that need time for traders to make a decision for buy or sell.In many cases, traders leave the market, so it takes a long time for a large amount of money to re-enter the market that called a time correction. This correction took about 300 days for Bitcoin in 2018 wich price reached the maximum sales area of 30 on the RSI, which coincided with the price collision with the weekly MOVING AVERAGE 200, which means a correction of about 85%. If the same thing happens to Bitcoin in 2021, we expect Bitcoin to fall further to the $ 25,000 area and then to $ 20,000, which should take about a year. The last scenario that is least likely to happen is the arrival of Bitcoin. It is priced at 13 thousand dollars But remember nothing is impossible for BTC.
Note: This message does not contain any purchase signal and is my personal opinion only
But will bitcoin fall again after this and see lower prices?
To answer, we have to go back to 2018, when Bitcoin reached a price peak of $ 20,000. It fell and reached its 0.78 Fibonacci zone. The characteristic of Fibonacci 0.78 is that it has a poor uptrend power and after a while it has neither a strong upturn nor a strong downturn that need time for traders to make a decision for buy or sell.In many cases, traders leave the market, so it takes a long time for a large amount of money to re-enter the market that called a time correction. This correction took about 300 days for Bitcoin in 2018 wich price reached the maximum sales area of 30 on the RSI, which coincided with the price collision with the weekly MOVING AVERAGE 200, which means a correction of about 85%. If the same thing happens to Bitcoin in 2021, we expect Bitcoin to fall further to the $ 25,000 area and then to $ 20,000, which should take about a year. The last scenario that is least likely to happen is the arrival of Bitcoin. It is priced at 13 thousand dollars But remember nothing is impossible for BTC.
Note: This message does not contain any purchase signal and is my personal opinion only