Will Bitcoin reach its lowest price between July and November?
We have already talked about the analysis of the lowest price of bitcoin (see the idea below)
In this idea, we want to predict the TIME of the lowest price of Bitcoin.
The time between historical cycles and the position of bitcoin channels as well as the moving average of 200 weeks is considered for this purpose.
In my opinion, Bitcoin is still in a downward phase and we do not see a clear sign of change. Bitcoin is likely to continue this downward trend until it faces support for the 200-week moving average. The cycle of Bitcoin's tops and downs is examined in the historical chart. Based on the above, it seems that bitcoin will reach its bottom in this cycle from July to November, around $ 17,000 to $ 23,000.
The time between historical cycles and the position of bitcoin channels as well as the moving average of 200 weeks is considered for this purpose.
In my opinion, Bitcoin is still in a downward phase and we do not see a clear sign of change. Bitcoin is likely to continue this downward trend until it faces support for the 200-week moving average. The cycle of Bitcoin's tops and downs is examined in the historical chart. Based on the above, it seems that bitcoin will reach its bottom in this cycle from July to November, around $ 17,000 to $ 23,000.
