This is a long-term Bitcoin idea.
So many people asked me to talk about Bitcoin's chart with the log scale.
We have two possible trends on the logarithmic price scale.
Noise. We have noise in the $4K price range. The reason we can't be sure about counting this as a factor or not is that on different timeframes, this area isn't noise.
So, either we still have a chance to pump the price back up, or this support trend is broken.
For those Bulls, 100K is the resistance level which isn't impossible in the log scale.
And for the bears, the following support is around the 13K levels, which is also vital; I will discuss it once we get there.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
So many people asked me to talk about Bitcoin's chart with the log scale.
We have two possible trends on the logarithmic price scale.
Noise. We have noise in the $4K price range. The reason we can't be sure about counting this as a factor or not is that on different timeframes, this area isn't noise.
So, either we still have a chance to pump the price back up, or this support trend is broken.
For those Bulls, 100K is the resistance level which isn't impossible in the log scale.
And for the bears, the following support is around the 13K levels, which is also vital; I will discuss it once we get there.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
