I want to say that bitcoin may be zero, but let's use our previous data to see what is going to happen to bitcoin?
We have to admit that we are in a downtrend that I think has come a long way but has not yet reached the end of the road and given the price history we can expect it to bother the holders again and it is normal when the BTC pair is The US dollar.
In smaller timeframes, especially weekly with the loss of the moving average of 200, I, like many of you, am worried about the future of bitcoin, so I came to higher timeframes to see history in a bigger sight and the important prices (price ranges) that We have to be better able to monitor it.
I do not give an opinion against the downward trend and I do not have a recommendation to buy yet, but within the limits specified in the chart, you can make your purchase with your own analysis, or if you have bitcoins, consider capital management in those areas.
This cycle check is used only for estimation and has no signal for buying and selling. By starting to receive the signal in lower timeframes, you can decide to buy or sell in the specified ranges.
We have to admit that we are in a downtrend that I think has come a long way but has not yet reached the end of the road and given the price history we can expect it to bother the holders again and it is normal when the BTC pair is The US dollar.
In smaller timeframes, especially weekly with the loss of the moving average of 200, I, like many of you, am worried about the future of bitcoin, so I came to higher timeframes to see history in a bigger sight and the important prices (price ranges) that We have to be better able to monitor it.
I do not give an opinion against the downward trend and I do not have a recommendation to buy yet, but within the limits specified in the chart, you can make your purchase with your own analysis, or if you have bitcoins, consider capital management in those areas.
This cycle check is used only for estimation and has no signal for buying and selling. By starting to receive the signal in lower timeframes, you can decide to buy or sell in the specified ranges.