• Now many analysts say that the long-term support line on BTC is broken.
• Yes, it is on BTC, but I recommend watching support/resistance on the marketcap chart. Here we see that the price has returned to the mean — the last stage of the bubble deflation.
• I expect that we still have time until the end of the summer or the beginning of autumn in order to have time to buy at a good price.
When the price breaks the upper border of the channel, we will see a sharper increase, and we will not return to 6k.
Good luck guys!
• Yes, it is on BTC, but I recommend watching support/resistance on the marketcap chart. Here we see that the price has returned to the mean — the last stage of the bubble deflation.
• I expect that we still have time until the end of the summer or the beginning of autumn in order to have time to buy at a good price.
When the price breaks the upper border of the channel, we will see a sharper increase, and we will not return to 6k.
Good luck guys!
Note
For comparison: support is broken on BTC/USD
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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.