CrypTrader31

Cycles of Bitcoin

Long
CrypTrader31 Pro Mis à jour   
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
In weekly time units and in logarithmic scale, we can see that the cycles of Bitcoin have been based on technical support since 2010. This support gave way only once during the panic of the world stock exchanges in March 2020, due to the Covid 19 pandemic. This representation shows that Bitcoin is probably on the low of the current cycle (end of cycle) and that it will never return below $17,500, except in the event of a new global crisis which could cause the price to fall below its historical support.

The same analysis done in February 2019:

My analysis on the end of the current bear market:

Commentaire:
End of the current bear market (update):
Commentaire:
End of the current bear market (update2):
Clause de non-responsabilité

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