Back in 2018 this indicator marked the bottom (light green dot):
This is happening again... in november a downtrend ended, and right now it's neither bullish or bearish. After a downtrend there's usually a range, so I'm expecting a retracement hopefully back to 30k, afterwards comes another trend, and I will bet for another downtrend late 2023 / early 2024, at the end of 2024 a new bullrun may begin.
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With all the information we have now I believe that we reached the end of a corrective period and the price of bitcoin will chop and then keep going down to lower lows... 10k here we go.
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It's probably safe to say that the lower lows (below 15k) aren't going to happen.
Nice work, Vold. I have entertained this scenario as well
arvine11
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nope
Vold316
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@arviiine, we will see my friend, we will see.
arvine11
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@Vold316, not totally disagree but when we hit 40 by middle of 2023 it don't come down lower than 23k but your bar pattern shows 10k
Vold316
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@arviiine, I think this time it will go further down after a pull back to 30k and will go down to 10k or so. Maybe it won't and it will stay above 20k but I give it higher probability to go down further and stay there for longer... 2023 will not be a good year.