Btctry
$ETHBTC yearly cycles chart 2017-2020ethbtc has now resecured its position within the lower %4(0,04) region, with bulls building major strength following the break above its key resistance level.
noting that massive resistance that exists right around 0,042 may prove to be insurmountable in the near-term
Ethereum has been one of the strongest major digital assets throughout the past couple of months, with its bull catalyzing significant momentum that has allowed it to far outperform Bitcoin and many other altcoins.
After rallying to highs of nearly $450 just a couple weeks ago, the crypto lost its momentum and ultimately slid as low as $380.
bitcoinist.com
Some bold prediction with the previous cycle applied.Here is a bold prediction with the previous cycle applied. White line is what happens in log scale if it happens like the last cycle.
Green lines are supports. Red ones are the resistances.
3 is the magic number. I expect the price to try for 3 times and break the 14000 resistance as halving approaches.
This is just a prediction; it may happen, it may not. We will see.
It just takes time. Patience is a virtue. Bitcoin will win. Slowly but surely.
(By the way this charts ath is $420.000 for a bitcoin)
Bitcoin is still in very bullish patterns. Good Bye CorrectionToday, the price of bitcoin fell hard.
Of course, this price drop occurred after a news.
But the price of bitcoin fell to a previously known support and bounced back.
Look carefully at the technique. The price of bitcoin, which rose to Fibonacci-0.786, fell from there.
If it rises above the $ 13100 level, it will likely climb to the new top of 2019.
Meanwhile, investment in alt-coins is very dangerous. In today's harsh price drop, alt-coins fell more.
Bitcoin is stronger than ever against alt-coins.
In my analysis, most of the altcoins seem to be deleted in the future.
Isn't life like that anyway? Everything that multiplies quickly eventually decreases, and only the strongest survive.
If the market goes that way, many altcoin projects will look like the end of the dotcom balloon in the 90s.