Bitcoin / TetherUS
Long

🔥 Bitcoin's Bottom Likely In: What's Next?

1 926
A couple of days ago I made an analysis where I compared the 2019 bear market bottom with the current bottom that has formed over the last few months.

🔥 Bitcoin Bottom In? 2019's Bottom Copied!


With the massive break out that we've seen over the last few days, it's becoming more and more likely that $15,5k was the actual bottom.

When we look at the previous bear market, we can see that, after forming the bottom, Bitcoin as a bullish period for a couple of months. In my view, it's very plausible that we're going to see further bullishness in the markets over the next 1-3 months.

For reference I've copied the 2019 bull move onto the current market. Unlikely that we'd follow the same pattern, but it can still offer some guidance.

Personally, I'm looking at $30k for the time being.

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