#BITCOIN - Finally Reached the Local Bottom?

29 באוג׳ 2022

We can't ignore the fact that the market was purely bearish over the last year. If we make a comparison with the bearish market of 2018 year, we will see that the price decreased for -85% in exactly 12 months.

And what do we see now?

10 months have passed since Bitcoin printed the ATH near the $69,000 level. Since then the price has decreased for -75%. The dump was way too bloodier than it was back in 2018. It's time for correction.

I'm not saying that the global bearish market is over, but we definitely should see some upward movements from there. Every buy point near the $20,000 level is a good buy point.

We won't visit $12,000 without any correction upwards to the $30,000 - $35,000 zone at least.