Bitcoin has bottomed out? Great similarities to previous bottoms
As you can see in the chart, the bitcoin price has formed almost perfectly the same pattern as at the end of September, after which there was a pump to 68k dollars. I don't want to say that the bitcoin price is pumping immediately, but it looks very similar. However, the price can still fall lower.
Another possible scenario would be a repeat of the May-July correction. This pattern also looks very similar, and would also represent a bottom, if it plays out.
What do you think about this?
Another possible scenario would be a repeat of the May-July correction. This pattern also looks very similar, and would also represent a bottom, if it plays out.
What do you think about this?
Penafian
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