BTCUSD currently in a very bearish trend. Keeps closing lower and lower both on daily and weekly charts, while the price keeps getting rejected at previously important levels. Bitcoin is oversold and cheap compared to several models and previous cycles, but because it went up too fast it could potentially bottom anywhere between 12k to 28k. Essentially its...
(considering wicks)
Simplicity is the ultimate sophistication.
This macro analysis depicts the Bitcoin bull-run in a macro scale.
If my calculations are right, BTC will top @ exactly $338,145.57 USD before getting into a bear market cycle.
This has always happened before; I suggest you refer to a plain Bitcoin chart to see the cycles at its finest by yourself and...
This TA is based on a lot of trendlines by monthly and weekly, also by past cycles. This bullish summer indicates a strong demand for Bitcoin and which could be the reason we see a super cycle. I mean, the fundamentals are much better and the overall recognition is much bigger now. On top of that we have countries as Venezuela and Argentina fueling the fire for a...
