$BTC: Are we at the bottom?

Dec 9, 2019 TeP Education

I think we are near the bottom and it’s time to see another BULLish phase. Here’s why I think we are.

Here’s the why:

  • The bottom of the multi-year trend will hold.
  • US SEC is embracing Crypto.
  • 3-6 months bear trend on the daily chart will give way for a new bullish phase.

IF however, we will see the price breaking down to 5,000 then we will probably see a big capitulation from our bulls that drive the price of Bitcoin even lower.

Well, I think it’s time to hold and watch for another opportunity.

These are my current Bitcoin ($BTC) long-term positions.

My eToro Long-term Bitcoin positions.

As always, please exercise due diligence. Your capital is at risk.

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