Complementary analysis to the first analysis of Bitcoin
Two scenarios are possible, bullish or bearish, depending on the half-yearly close, but here is what could happen:
For the most bullish scenario, we can imagine that bitcoin starts a small bearish phase to scare everyone and liquidate those positioned "long", before rising again to start the uptrend towards 100000.
For the most bearish scenario, which for me is the least likely but can still happen, it is possible that bitcoin has already started its descent into hell and that the bull run is over, to reach a dizzying low.
I think we are still in a bull run, here is why, we are starting to have higher and higher volumes lately, despite volumes still being very low compared to the rest of the market, but this could herald a trend reversal, moreover, we are in January and institutions will start to come back to the market after a rather quiet month of December, the big portfolios (whale) will start to reload or wait but no transfer of big sums has been made lately from their portfolios to the exchange which means that they store their money in farms or preciously on the portfolio.
Several indicators also show that if the bull run were to end now then this year 2022 would break the nice cycles that Bitcoin has made since its creation.
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
Two scenarios are possible, bullish or bearish, depending on the half-yearly close, but here is what could happen:
For the most bullish scenario, we can imagine that bitcoin starts a small bearish phase to scare everyone and liquidate those positioned "long", before rising again to start the uptrend towards 100000.
For the most bearish scenario, which for me is the least likely but can still happen, it is possible that bitcoin has already started its descent into hell and that the bull run is over, to reach a dizzying low.
I think we are still in a bull run, here is why, we are starting to have higher and higher volumes lately, despite volumes still being very low compared to the rest of the market, but this could herald a trend reversal, moreover, we are in January and institutions will start to come back to the market after a rather quiet month of December, the big portfolios (whale) will start to reload or wait but no transfer of big sums has been made lately from their portfolios to the exchange which means that they store their money in farms or preciously on the portfolio.
Several indicators also show that if the bull run were to end now then this year 2022 would break the nice cycles that Bitcoin has made since its creation.
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
