This chart suggests Bitcoin bottom is (almost) in: 'A year of not so much'
A Bitcoin chart shared on the Cryptocurrency subreddit has caught the attention of the crypto community on Friday. The image shows the weekly BTC/USD chart of the period after the 2013 peak, and the period following the 2017 bull run. And the two look surprisingly alike. After Bitcoin spiked to over $1000 by the end of 2013, it dropped all the way back to the $200 zone following the Mt. Gox hack. On the more recent chart covering the 2017 bull run, a same pattern is visible in the drop from $20K to the current levels of around $4K, with even the little rallies up on the way down looking very similar.The charts suggest the bottom might ... (full story)
- Posted: Mar 15, 2019 7:30am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 6