Welcome to another update on Bitcoin!
That being said, I believe with high confidence that BTC’s bottom is in @ $6.3k and the long-term bull cycle is back to full swing.
Based on the Logarithmic and the Squeeze Momentum indicators on Bitcoin’s monthly chart, combined with the main , I will be holding by Bitcoin HODL stack until August 2021 – where I believe Bitcoin will likely top out.
There are many other scenarios that present shorter or longer term cycles – all are valid and you should analyze them and come up with your own game plan.
P.S. The USD ( DXY chart) is looking toppy and actually. If the USD goes lower and enters a bear market in 2020, this will be beneficial for the crypto space as a whole (similar to 2016-2017’s US Dollar )
Published at Thu, 16 Jan 2020 12:55:43 +0000