When in doubt, zoom out.
There are countless ways to define a bull or bear market, and each technical analysis seemingly has their own approach. That said, the most typical definition of a bull trend is an unbroken series of higher highs and higher lows.
Bitcoin has been in an uptrend since bottoming after FTX. The recent 80K low “could” be another higher low in this series. It would technically be confirmed with the next higher high - a new ATH.
There are countless ways to define a bull or bear market, and each technical analysis seemingly has their own approach. That said, the most typical definition of a bull trend is an unbroken series of higher highs and higher lows.
Bitcoin has been in an uptrend since bottoming after FTX. The recent 80K low “could” be another higher low in this series. It would technically be confirmed with the next higher high - a new ATH.
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info@thewolfoallstreets.io
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.