Is this the end of Bitcoin's bull run?
I don't want to believe it myself as I, like many others believed Bitcoin was going to 200k, however a number of indicators seem to be pointing towards the end of this bull run.
Using fibonacci retracement, previous runs have peaked at approx 2 (give or take) which is where we currently are when retracing from mid 2019 to early 2020.
The 20 day smoothed moving average (white line) seems to be starting to curve right, indicating that the price has been levelling out or declining more than it's been increasing.
The MACD chart also repeats itself, with the blue line crossing under the red. Looking at it today, it's hard to believe it's not going to do it in the next week.
On top of all that, the Pi Cycle has also indicated the top
Using fibonacci retracement, previous runs have peaked at approx 2 (give or take) which is where we currently are when retracing from mid 2019 to early 2020.
The 20 day smoothed moving average (white line) seems to be starting to curve right, indicating that the price has been levelling out or declining more than it's been increasing.
The MACD chart also repeats itself, with the blue line crossing under the red. Looking at it today, it's hard to believe it's not going to do it in the next week.
On top of all that, the Pi Cycle has also indicated the top
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