Here is the updated version of my long term Bitcoin logchart. Looks like we are entering a new cycle.
If we look at the 2 previous cycles, the bear market bottoms were around 85% from the cycle top.
For this cycles that would be around 10k USD, but with the fear of a world wide recession, maybe we can
see lower prices this time.
The fibonacci trendlines are still the same, as i drew them in october 2018. I hope
they will continue to give a good market overview and trade setups.
If we look at the 2 previous cycles, the bear market bottoms were around 85% from the cycle top.
For this cycles that would be around 10k USD, but with the fear of a world wide recession, maybe we can
see lower prices this time.
The fibonacci trendlines are still the same, as i drew them in october 2018. I hope
they will continue to give a good market overview and trade setups.