I believe that this is the start of the second leg down before bottoming out somewhere between $2000-$3000
The markets always seem to go in cycles, you can look back through bitcoins history and see this.
Look at this bitcoin daily candle chart:
and this is where I think we are in the market cycle:
This is why I've put some of my BTC into USDT. The is a crazy game though and you can never be sure, I will be watching the charts closely.
The markets always seem to go in cycles, you can look back through bitcoins history and see this.
Look at this bitcoin daily candle chart:
and this is where I think we are in the market cycle:
This is why I've put some of my BTC into USDT. The is a crazy game though and you can never be sure, I will be watching the charts closely.
Got to admit I refused to think that this classic cycle applies to crypto as of late, but it seems very reasonable right now