Here is a very interesting comparison to the 2018 Bear Market. There are some uncanny similarities between the two.
I think the most important thing to take note of here is just how much resistance BTC is fighting and it's already broken below a key level.
RSI is approaching resistance and will be detrimental to see how price reacts in this area.
This is just strictly TA, the macro is a whole other story. The only thing we can be certain about the future is absolute uncertainty.
Here is a previous analysis with another interesting comparison;
As well as a Cyclical Analysis;
I think the most important thing to take note of here is just how much resistance BTC is fighting and it's already broken below a key level.
RSI is approaching resistance and will be detrimental to see how price reacts in this area.
This is just strictly TA, the macro is a whole other story. The only thing we can be certain about the future is absolute uncertainty.
Here is a previous analysis with another interesting comparison;
As well as a Cyclical Analysis;
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.