Could Bitcoin be undergoing a correction similar to the one it had in 2018? If it is, then $8000 could likely be the bottom. Share your thoughts below.
Comment:
Further evidence from the Weekly Chart suggest that Bitcoin would likely find support at $8000 if it is currently in the bull market. During the previous 2017 bull run, price has always found support from the "Bull Market Support Line" as illustrated in the Weekly Chart. If Bitcoin is currently in a new bull run, then the "Bull Market Support Line" should serve as strong foundation for the parabolic rise to continue.
