Post
Topic
Board Trading Discussion
Re: 4 reasons why Bitcoin has bottomed out
by
darewaller
on 18/10/2019, 07:54:01 UTC
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/XUyoGTJH8FY
I think so too and I also believe that this is actually the best entry point right now, this is the time for people to accumulate because there will be a full rebound of bitcoin within the some weeks' time, I don’t expect any reversal of price again, I know we have some people that are still expecting further decline to maybe $7000, which I fully doubt if this can be possible again. 

We have some doubting Thomas and that is how they will still see this value slip off now because they are still expecting more bottoms, from what I can see, I fully agree with you. Bitcoin will start recovering right now and maybe we could start with the former $10000 we had a drop from, and from this $10k, bitcoin can surely start breaking more barriers that could lead the value to $15k.