In this analysis we talk more about yesterday's analysis where I discussed the completely normal correction that BTC has been seeing. Furthermore, chances are that we will see more of those correction in the coming months. As seen on the chart, Bitcoin sees multiple deep corrections (>20%) during bull-cycles. Sometimes they are less excessive, but >20% is...
This chart shows the amount price has dropped from all time high to all time low during each bitcoin market 'cycle'. Each cycle's price action obviously being fueled by Bitcoin's Proof of Work Halving. As you can seek, the bottom trendline (market bottoms) shows a 4 degree slope upwards, with the top trendline (market tops) having a slight slope downwards. ...
Backtesting results are looking good 💪🏻 I wouldn’t say this is capitulation but it’s getting close. There is some blood on the streets. 🩸
Glassnode blockchain data showing BTC is consolidating and currently sitting on a strong layer of support. BTC could pump very shortly.