mohammad786

Bitcoin Analysis, final stage of downtrend

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Chart is so clear. You clearly see we are losing pressure in downtrend. So there is one thing that i'm sure about:

We are in the last stage of this downtrend. This dip is last dip. then we should see a nice rally. Minimum target in this case is 12000 USD.

However we dont know where the bottom is, I'm sure that this bottom will never touched again in future.

So obviously Bitcoin didn't die, We are in a healthy stage that every market should be after that parabolic pump back in 2017. and the good news is this is final stage. If you dont believe me just see 2014 chart of Bitcoin , chart will say you everything you just heard.

I thought maybe 1 more leg down?
+1 Reply
@PawelS, its possible. I think 5800,5100,4800 are psychologically very important and one of them can be our last dip. Also maybe this price is our last dip. However no one knows. You see thousands of different analysis about bottom price.
+1 Reply
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