It is crucial to understand where we are now and where we are heading in order to create a plan and follow it closely. This can be done by analyzing the chart on a macro scale, examining global indicators (on-chain metrics), and the cyclicality of the cryptocurrency market.
Based on this analysis, the cryptocurrency market is concluding its medium-term uptrend and preparing to enter an intermediate downtrend.
For visualization, I have marked two blocks on the chart. The first block represents the period of 2019, where we can clearly see the medium-term intermediate uptrend and downtrend. Second - current time.
Currently, the situation is repeating itself, with Bitcoin ending its medium-term uptrend and preparing to initiate an intermediate downtrend. In terms of time frames, this corresponds to the second half of 2023.
However, the most important thing is that this presents extraordinary opportunities to accumulate funds to the maximum before the bull market, where we can increase our investments by 20-50 times in 2024.
Stay rational if the price continues to plummet sharply towards 35k - 38k. This scenario is possible, but it could also be the end. We will analyze all of this in real-time. Therefore, stay tuned for all our updates.
Based on this analysis, the cryptocurrency market is concluding its medium-term uptrend and preparing to enter an intermediate downtrend.
For visualization, I have marked two blocks on the chart. The first block represents the period of 2019, where we can clearly see the medium-term intermediate uptrend and downtrend. Second - current time.
Currently, the situation is repeating itself, with Bitcoin ending its medium-term uptrend and preparing to initiate an intermediate downtrend. In terms of time frames, this corresponds to the second half of 2023.
However, the most important thing is that this presents extraordinary opportunities to accumulate funds to the maximum before the bull market, where we can increase our investments by 20-50 times in 2024.
Stay rational if the price continues to plummet sharply towards 35k - 38k. This scenario is possible, but it could also be the end. We will analyze all of this in real-time. Therefore, stay tuned for all our updates.
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🐳 Asset Management program 👉 [ bikotrading.com/asset-management ]
