Bitcoin BTC Now vs 2018 Bear Market

23 mar 2022

Here is a very interesting comparison to the 2018 Bear Market. There are some uncanny similarities between the two.

I think the most important thing to take note of here is just how much resistance BTC is fighting and it's already broken below a key level.

RSI is approaching resistance and will be detrimental to see how price reacts in this area.

This is just strictly TA, the macro is a whole other story. The only thing we can be certain about the future is absolute uncertainty.

Here is a previous analysis with another interesting comparison;

As well as a Cyclical Analysis;