Bitcoin long term analysis - (2012-2022)
If the older chart patterns serve as an indicator to predict future movements, we can conclude that the price is not far from establishing a bottom and reaching the accumulation zone, where it previously spent months lateralizing until reaching the halving and starting a new cycle. Look
Blue vertical line - Halving's
Green area - Bull Market
Red area - Bear Market
Blue area - Accumulation zone
Yellow arrow - time period to ATH
Yellow dashed line - ATH
BTCUSD
Blue vertical line - Halving's
Green area - Bull Market
Red area - Bear Market
Blue area - Accumulation zone
Yellow arrow - time period to ATH
Yellow dashed line - ATH
BTCUSD
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