LONG TERM BITCOIN ANALISYS, TO $20.000 OR TO $4.500?

[cryp2me]

_{Bitcoin likes summertime. Source: Own elaboration with Coinigy}

IN THE LAST 3 YEARS BITCOIN HAS BEEN ENJOYING THE SUMMER

Suddenly spring came to markets

_{It's been a long time since we saw the markets in real green. Source}

In the last hours, the market has recovered the bullish sentiment, Bitcoin and almost every altcoin is green now.

This is not incompatible with the fact that we still down the trend line that comes from the last ATH, and this is not a minor question.

📉It is perfectly possible that bitcoin could crash into this big resistance and recover the bearish trend to pierce and break through the $6.000 support falling into the $4.500 area.

📈This is the worse scenario in the short term, but if we take into consideration that Bitcoin has been gaining ATHs every summer in the last 3 years, things could be different.

As we see in the chart, every June Bitcoin has reached a price that was higher than before, and it could take place again this year.

Like cold weather looks to affect bitcoin and tends to fall in winter months 🌧🌩🌨 like January, February or March, it feels good in the heat of summer 🌞🌞🌞, like almost every people.

Trend lines could be saying this too, and if bitcoin breaks through the big resistance that is congesting the price now, which is not impossible because as you know resistance lines get weaker every time that is touched, and this would be the fourth time touching it, it could rise to the last ATH again or even surpass it.

_{If the trend goes on like in the last years, June could be an ATH month. Source: Own elaboration with Coinigy}

▶️❓How do you feel about this time, will Bitcoin is going to have a Bullrun to ATH or you feel bearish and you think it is going to the $4.500?

Only a while to see it, let see..

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_{El precio es lo que pagas, el valor es lo que obtienes. Warren Buffet}

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Source

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NOTICE

This free information is not financial advice. The opinions and analyzes that are offered are only informative and as a result of a personal analysis. Always make your own inquiries and invest only that money you can afford to lose.

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Comments

[dineroconopcion]

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[alexmorenoec]

parece que nos vamos a los 20k...

[cryp2me]

Todavía hay que ser cautos, pero casi todo apunta a que sí! :D
Gracias @alexmorenoec

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