Bitcoin is likely to be putting in a bottom here soon

in bitcoin •  2 years ago 

The final washout appears to be upon us...

The price action of bitcoin is pretty terrible lately, but at least it may stop going down.

While the rest of crypto market implodes, bitcoin has yet to make lower lows from the initial drop from the FTX blowup a few weeks back.

Not only that but the overall chart pattern looks very much like what we have seen in previous cycles.

Check it out:

image.png

(Source: https://twitter.com/StockmoneyL/status/1604367734262976512/photo/1)

If this pattern continues bitcoin is either very close to bottoming, or has already bottomed.

From there the pattern would be to go sideways for a bit before starting to turn up several months from now,

Will history repeat?

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2 years ago by

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      ·  2 years ago 

    That prices looks like a Himalayan topographyc profil.

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      3 votes
      [-]
        ·  2 years ago 

      I'm starting to have my doubts... but I remember I was having my doubts last time, too. ;-)

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        1 vote
        [-]
          ·  2 years ago 

        Just keep on buying :-)

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          [-]
            ·  2 years ago 

          Often when it looks the worst, it's also the best time to buy...

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            [-]
              ·  2 years ago 

            I hope so! But it could go down a bit more!

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              1 vote
              [-]
                ·  2 years ago 

              Would be great

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                [-]
                  ·  2 years ago 

                Upvoted! Thank you for supporting witness @jswit.

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                  [-]
                    ·  2 years ago 

                  I think the value of Bitcoin is contributing to the decline in the overall crypto market.

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                    [-]
                      ·  2 years ago 

                    [-]kamilason (69) 16 секунд назад
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                      1 vote
                      [-]
                        ·  2 years ago 

                      Upto price

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