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Bitcoincycles

⭐️ BTC Cycle break down [WHY YOU SHOULD HODL!] ⭐️NEW BITCOIN INVESTORS SHOULD READ THIS! Bitcoin trends in cycles. Bull Market (peaked price) -> Bear Market -> Accumulation 🔄 We have yet to come close to the logarithmic channel resistance. Bitcoin is likely to test this resistance level at around $200,000 possibly some time in September - November. (unless for some reason the cycle is disrupted). A Massive correction around 80% is more than likely to occur once the bull run is completed. Which would bring the price of BTC to around $55,000 - $60,000 And the cycle repeats after that.. Which can potentially lead us to the price of 1 BTC over $1,500,000 BY 2024 - 2025! For any new Bitcoin investors / traders. There is NOT an easy way to get rich quick. Patience will pay off in the long run! #HODL!❤️ This idea / analysis is fully constructed on Fundamentals of Bitcoin . Please give this a 👍 if this post taught you something new :)
BITSTAMP:BTCUSDLong
by BigLava
52
Bitcoin: The most sustainable bullish sequence since the ATH.The current candle sequence since February 6th is the longest in this bear market. Since the All Time Highs Bitcoin's strongest bullish sequence (Higher Lows) was 40 days in April/ May. The current sequence is 45 days and counting. This is also evident on key technical indicators: RSI: Current bullish streak above 40.000 = 45 days (longest since ATH). CCI: Current bullish streak above -100.000 = 45 days (longest since ATH). TSI: Current bullish streak above 0.000 = 35 days (longest since ATH). Can this be a strong indication of bullish sustainability? It certainly is a sign of accumulation of buyers after the December bottom. This is a lengthy process and the longer the price trades above those levels, the stronger the foundation of the accumulation phase gets. Read more on Bitcoin's cycle's and phases below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITSTAMP:BTCUSDLong
by InvestingScope