The weekly time frame demonstrates that Bitcoin's price broke through and closed ABOVE the prior downtrend's trendline! In my book that make's it official that the prior primary correction has terminated. Bitcoin's history agrees with my assessment. That's not to say that Bitcoin won't experience corrections in this current NEW Primary uptrend. In fact I believe Bitcoin is more than due for at least a 38.2% correction.
Also, I would like to bring another fact to your attention. From 2021 high to 2022 low =54 weeks, one week off Fib 55!
Long term(Cycle & Primary) Bullish, short term bearish due to anticipating a correction and therefore will give a neutral rating for the time being on this 'idea'. In my humble opinion.........
All the best!
Also, I would like to bring another fact to your attention. From 2021 high to 2022 low =54 weeks, one week off Fib 55!
Long term(Cycle & Primary) Bullish, short term bearish due to anticipating a correction and therefore will give a neutral rating for the time being on this 'idea'. In my humble opinion.........
All the best!