Amazing convergence of BTC supports points to a certain price
I noticed a crazy convergence of extremeley important supports, at a price range, that I think, will be the strongest support in this bearmarket.
The first support being the weekly MA300.
The second support being the longterm squareroot function trendline.
The third support being the line connecting the 2013 ATH with the China dip.
The last one comes from an idea by:
Credit to him for noticing this interesting characteristics of BTC, which also held in the
previous BTC bearmarkets for estimating the low.
All these three extremely solid supports point to a price target of 2000-2500 USD. Somewhere in that range.
I don't see it going below these supports for an extended period of time. If, then only very briefly with a very strong rebound.
The first support being the weekly MA300.
The second support being the longterm squareroot function trendline.
The third support being the line connecting the 2013 ATH with the China dip.
The last one comes from an idea by:
previous BTC bearmarkets for estimating the low.
All these three extremely solid supports point to a price target of 2000-2500 USD. Somewhere in that range.
I don't see it going below these supports for an extended period of time. If, then only very briefly with a very strong rebound.