Hey guys,
I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern
For my complete analysis check my YouTube video :
https://youtu.be/XUyoGTJH8FYAgreed, great analysis. I also feel the same way and have actually bought more bitcoin at the $7000 levels.
If we aren't due for an uptrend bullish cycle soon, i'd be surprised. All the indicators are screaming for the bulls to return and it seems like all we need to do now is hold and wait for the the value to rise. I'd highly recommend buying more bitcoin now, but as always, trade at your own risk.