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