Bitcoin : change of structure, possible slow and long declineThis is how i see the current Bitcoin crashing structure.
The breakdown below the 6k descending triangle broke the main bullish structure.
I am expecting a slow declining Usd value, in a sort of similar way of the first Bitcoin bubble.
Lonely differences: market cap, and time frame.
As you can see, the current crashing market is developping around 6x slower than the first Bitcoin crash, which makes sense considering the difference of capitalization.
It took Bitcoin around 135 days since the eventual current position in the same structure, to start a bull cycle.
Which means the current Bitcoin cycle could start a bull run in around 2 years.
Yes, this is a possibility.
Of course this is just some technical speculation, but this might not be far from what is about to happen with Bitcoin , 2 more years of bear market.
I could be totally wrong, this is just an hypothetical analysis. But this is something to be aware of, if you are feeling able to invest and wait for some years.
Stay tuned.
