Good morning, after two months of oscillating downward. Big fluctuations are coming soon.
Bitcoin is currently in the angle between the daily Ma30 and Ma120, with only $4,000 left. At the same time, the time node is slowly approaching 5.21-5.25
I think many people have lost their temper and some desires due to the decline of small coins in the past few days. Just want to play dead and not open the exchange to check, right?
There are still some people who are cutting their losses, because people outside are talking about 5.2w and 4w, I am shocked. Bitcoin has not yet fallen below the daily MA120!
From January to July last year, it is understood that the oversold rebound of Bitcoin has ended. Then the shock wash from breaking through MA120 on August 17 to standing back to MA120 on October 16 is normal.
And this is the second adjustment since the real rebound started on October 16 last year when it stood back to MA120. Last time, it did not reach MA120. This time, I also think that Bitcoin will not effectively break through MA120. It is more likely to fluctuate upward around MA120.
(Figure 1)
If we say which bull market in BTC is more meaningful than the previous bull market, I think it is the one that started in October 2015 and ended in December 2017 (Figure 2)
