Based on the history of the 100W MA, it seems we'll soon find out whether or not it holds. Historically speaking, if the floor falls through, look to buy at the 200W MA which is roughly 20.5k.
Many indicators on this 10D timeframe show that we're near a macro level bottom. However, 2013's bear market shows that even if that's the case, we can still see another significant leg downward. In spite of that, it'd be unheard of to retest the previous bull market high of (20k).
I'm still set on BTC never reaching below 26k (see related). I couldn't tell you where it's going if I had a gun to my head.
One thing I can tell you is that according to the top richest BTC holders, BTC whale #3 who's made 3 Billion in profit has been accumulating at around 40k. Look it up for yourself on bitinfocharts > bitcoin rich list.
If nothing else, now's a better time to buy than not. Hindsight is 2020.
Many indicators on this 10D timeframe show that we're near a macro level bottom. However, 2013's bear market shows that even if that's the case, we can still see another significant leg downward. In spite of that, it'd be unheard of to retest the previous bull market high of (20k).
I'm still set on BTC never reaching below 26k (see related). I couldn't tell you where it's going if I had a gun to my head.
One thing I can tell you is that according to the top richest BTC holders, BTC whale #3 who's made 3 Billion in profit has been accumulating at around 40k. Look it up for yourself on bitinfocharts > bitcoin rich list.
If nothing else, now's a better time to buy than not. Hindsight is 2020.
