We have seen a significant drop the last couple of day but at the same time we saw some strong support.
The 50-week MA acted as a strong support like it did back in June 2021.
Additionally, the Bitcoin Log Curve Zones seem to also be providing strong support. They also did that half a year ago.
The current downtrend and the lower zones seem to also form a nice flag pattern.
I remain bullish on BTC. In 6 months we will look back at January and curse ourselves for not buying more.
I will remain bullish as long as we close above the 50-week MA.
Should we continue to drop and fail to find support at the current level, then I will bow to the bears.
But still. The bottom would be around the 200-week MA like it always has been in the past.
Either way. I will hold BTC for the next 30 years. This is the future.
Feel free to tell me your opinion and what you think will happen.
The 50-week MA acted as a strong support like it did back in June 2021.
Additionally, the Bitcoin Log Curve Zones seem to also be providing strong support. They also did that half a year ago.
The current downtrend and the lower zones seem to also form a nice flag pattern.
I remain bullish on BTC. In 6 months we will look back at January and curse ourselves for not buying more.
I will remain bullish as long as we close above the 50-week MA.
Should we continue to drop and fail to find support at the current level, then I will bow to the bears.
But still. The bottom would be around the 200-week MA like it always has been in the past.
Either way. I will hold BTC for the next 30 years. This is the future.
Feel free to tell me your opinion and what you think will happen.