The minimum price after a bull market always matches with the top most Fibonacci retracement line derived from second last bull run top and minimum correction price. We can see that price will drop to around 70k usd after this bull run. Therefore, we can accumulate btc under 70k usd without no worries. We will be on green even if we miss to dump at the top.
Other...
I saw this line acting as a support when the price bounced on it during the first face of pull back. Now it is acting as a resistant. We are very bullish if we can pass this line.
As we can see, the line in thick blue acted as strong support level for bitcoin. Even with the f2pool liquidation, we jumped back into the top real quick.
This bull market cycle is not nearing its end if we compare it to previous cycles, but one thing to keep in mind is the fact that the price has been accelerating way fast. The faster the price acceleration,...
