The Bitcoin Dilemma, 2019 or 2015?
Bitcoin Data Newsletter Premium
Hello Premium Readers!
After reaching $25,000, Bitcoin has rejected to current lows of $22,000. This isn’t very surprising as not only is it a stiff psychological number, but also a heavy resistance level on the charts. Since this has happened, fear has swept the market as now people worry of a return to lows.
Is it possible? Of course it is. But there seem to be two current camps of thought as chartist and technical analysts compare now to either 2019 where Bitcoin surged to new yearly highs very quickly, or 2015 where Bitcoin seemingly broke out of its bear market but proceeded to revisit the lowest cycle prices. Since that is the name of the game with technical analysis, gauging the future by using the past, it is difficult to imagine a different scenario than one that has already played out. But, of course, this time will be unique to that of both 2019 and 2015. So the real question becomes, can Bitcoin continue it’s uptrend? Or should we prepare for lower prices.
In this newsletter I will also introduce a new tool I have created for Dollar Cost Averaging for the cycle.
This Newsletter Will Cover…
Current Market Psychology
On Chain Data
A New Top Indicator
What you should do, +New DCA Tool