BTCUSD what's going on??Bitcoin regression chart (Long-term)
tips:
1- If the lowest price of bitcoin in this cycle consider about $ 14,000, there is a chance to reach this price until (Nov-Dec) 2022. So, do not rush to buy.
2- The maximum time for the downtrend of bitcoin, will be around March 2023.
3- Based on personal experience and past chart of Bitcoin, the probability of reaching the price of $ 14,000 is low and we will probably see an increase in buys at $ 17-20 k.
4- If a person buys bitcoin at a price below $ 25,000, it will most likely be in profit at 4th Halwing.
5- If you look at the previous ATHs, it is clear that after each cycle, the bitcoin ATH has decreased by one level. it is because of logarithmic price. its mean that the higher price, makes the lower growth rate
anyways in the last cycle, ATH of bitcoin has decreased to the third line. So, we have to search the next bitcoin ATH in the fourth line level.
6- We can consider the whole history of Bitcoin (the last 12 years) as a major wave 1. So, we are now in wave 2 that there is no example of this correction in the past. Therefore, in this downtrend, holding altcoins will be so much risky than holding bitcoin.
7- To better understanding of this downtrend, it is recommended to refer to the Nasdaq Index ( NDX ) in 2000.
The rich invest in time, the poor invest in money
Pooya Bahaeepoor
