#Bitcoin Where is bottom?

19 giu 2022

June19: #Bitcoin: "Where is Bottom?"

This is just another chart but important chart in 4Day time frame.

Gennerally In chart we see that whenever 50MA cross 200 MA downside , it called Death Crossover and market make new bottom. But in Bitcoin chart in 4 day says different story.

We can see that in last 12 yrs, It happen only two times in FEB 2015 and March 2019. But important point to notice that Bitcoin Made Bottom just Before the death cross over.

Now this death crossover expected to happen in July/Aug. And if We see past trend than we can see that BTC show same kind of panic crash just before such a crossover and we can say that either we made Bottom at $17600 or we are Very close to it in next 1 month.

Chart also says that BTC can run 6-9 month sideways zone after such a crash and rebound and give good jump in coming years which open target 150k-300k by 2025.

Yes its going to tough 6-9 month but smart accumulation can give big profit in next 3 years.