Long Term Bitcoin Analysis

in crypto •  3 years ago 

Bitcoin can be an opportunity..

The ones I've drawn in red show bitcoin's declines in previous bear seasons, and the ones I've drawn in blue show post-falls.

As you can see on the orange line, it worked as a support before, it only fell below that line once and then recovered and now it is under the support line today, I think it will collect it as soon as possible and will rise above this line.

Check it out:

bitcoin analysis.JPG

This could be a buying opportunity.

Even if it falls to the 10-15k range in the short term, the direction it will go is clear as a result.

This is not investment advice.

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