Bitcoin’s price is once again found in limbo, unable to make a decisive move in either direction. This happens as volatility thins out while volume declines across the board.
The most recent price action, however, has also created a popular technical pattern – one that was also present in the bear market of 2018.the BTC price is forming a very similar technical pattern to that in 2018’s bear market.The movement of long-term hold bitcoins has decreased, and price volatility is becoming very low.
If the current descnending triangle pattern is completed and the price deviates from the support line, there is a possibility of a last crash in the bear market.At the time of this writing, Bitcoin’s price is trading slightly above $19,000. It declined from yesterday’s high at around $19,700, unable to break the coveted resistance at $20K.that Bitcoin’s market is primed for an outburst and that it’s currently in a state resembling a “coiled spring.
However, the analytics resource failed to provide a directional prediction, arguing that the market can turn either way.to AlternativeMe. It has improved ever-so-slightly in the past couple of days, but it remains close to the cycle’s lows when zoomed out to a 1-year period view on the chart:
If you do understand Bitcoin , you would know bear markets are the best time for accumulation. Don’t panic buy and hodl. The bull run is preordained However I recommend you all follow Cc_999b she’s a super underrated bitcoiner. Smart tips. I’ve been doing great.
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Fonte: Utoday_en - 🏆 295. / 63 Leggi di più »