Do we really bottoming out in the year 2019?If not when?How bitcoin will perform in the next following years?This is not a crystal ball but purely mathematical calculation base on technical analysis.This is not an investment advice and do your own research and analysis.This is a pure speculation.
In the first chart,that's where we are right now. Btc/Usd monthly time frame. Obviously,we are extremely oversold.It will gonna be stagnate in a whole year with low volatility,low volume,flat etc.
Despite the fact that fundamentals is doing great right now such as Nasdaq crypto exchange,Bakkt,Bitcoin Etf waiting for approval,SBI VC exchange and much more.It has nothing to do with the current price because of regulatory clarity.
In the second chart,The green arrow indicate that we are officially bottomed out!Hooray!Cheers!
Well,that is just only the beginning and january 2022 is the all time high.
I am a deep believer of any financial markets that repeat the history even if there is a lot of financial instrument that made a last bull run and the bubble burst popped up then never surge again.
I'm keeping my eye in the altcoin,bitcoin dominance affect the market that's why making such technical analysis in the long term help me a lot to identify if when and how we will tremendously surge again just like Q4 of 2017.
We are still in the infancy stage of cryptocurrency market so it is impossible to have a last bull run or bubble burst then never go up again.
(Speaking of the market history repeat itself,I calculate the number of days,weeks and months base on what happened in the last couple of years(2013-2017))
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