With the doubling curve sitting at $34k saying we are in a bear market at $36k seems very premature.
Especially considering this support increases by $2k every month.
For me the middle thicker blue line is decisive. It's the last support that is there; if it fails we are definitely heading to the orange line and I doubt that prices will rise from there.
Ah see that's were the difference lies.
I would say if prices go that low they are guaranteed to go back up.
That's exactly where I want prices to be before I go long.
of course they will rise again, but it all depends on the scale one is looking at. I think there could be 1-1.5 years of downward movement until the halving
Again, I would say the halving is totally irrelevant at this point.
90% of the tokens that will ever exist have already been minted.
Cutting inflation in half again is no longer significant.
I think it's actually higher at about 36k close for the weekly candle. We are constantly scratching the bottom
I don't see the logic there.
Last bull market:
$10k >> $40k >> $30k >> $60k >> $30k >> $65k >> $35k >> $48k >> now
With the doubling curve sitting at $34k saying we are in a bear market at $36k seems very premature.
Especially considering this support increases by $2k every month.
I follow my own logic :P
For me the middle thicker blue line is decisive. It's the last support that is there; if it fails we are definitely heading to the orange line and I doubt that prices will rise from there.
Ah see that's were the difference lies.
I would say if prices go that low they are guaranteed to go back up.
That's exactly where I want prices to be before I go long.
of course they will rise again, but it all depends on the scale one is looking at. I think there could be 1-1.5 years of downward movement until the halving
Again, I would say the halving is totally irrelevant at this point.
90% of the tokens that will ever exist have already been minted.
Cutting inflation in half again is no longer significant.
good point