Re: Bitcoin crashed below $48K, is the bull market in danger?
⭐ Merited by bitcoincidence (2)
Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.
If the area between $42,000 and $44,000 holds, upward continuation is likely. In that case, the point of interest at $63,000 is still on the table.
- I think that's hard to say. Whether it's between $ 42,000-63,000 or we go beyond that. PlanB and its calculation of the stock to flow also shows 4 phases of a bull run and 3 corrections can be seen there. but i don't want to make a big analysis of it, but rather show you something
@Mishacrypto_com
#Bitcoin ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21
#Bitcoin ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21
For a better assessment of a correction like today, the past price developments in earlier bullish phases of Bitcoin should be pointed out again. Both in the first strong phase of the price increase around 2013 and in the hype year 2017, several strong corrections of up to 40 percent took place. In view of the fact that almost all of the invested parties are currently enormously positive, profit-taking must inevitably be taken into account