Bitcoin has bottomed out and is likely to rebound to $34,000.

2022년 6월 28일

According to the BTC_50WMA indication, Bitcoin has bottomed out, and the bottoming price is about 17,800 US dollars.
According to the historical data of the index hitting the bottom (2015/1/12, 2018/12/3), we can know that Bitcoin is likely to have room to bottom out and rebound after hitting rock bottom in the future. Recently, Bitcoin fluctuates at 19,000 US dollars and 22,000 US dollars, and we are looking forward to the great momentum of the bulls.
Of course, the downward trend is also possible, but Bitcoin has bottomed out, and according to historical data, Bitcoin cannot break through the gray line too much, and it will eventually rebound. The investment return that can be obtained by shorting is not much higher. It is meaningless to short down. There is little room for decline, but there is more room for rise. According to Orange Line, I think the price is likely to climb to our target of $34,000, so it is recommended that investors can be optimistic about the prospect of Bitcoin rising.
This is an article, not financial advice, always do your own research.

Thank you and Good Luck!