Where is the Fundamental and technical bottom of the market?
Let's examine based on various technical and fundamental indicators, what will be the lowest price if the market if the downtrend continues?
These analyzes are based on historical data:
Technical Indicators:
1- MA200 on weekly time frame: It is one of the most accessible indicators that historically shows the bottom of the market. weekly MA200 is now 20400$. It can be estimated that the minimum price based on this index could be around $ 21,000 to $ 26,000
2- BEAM BANDS: beam_bands is one of the technical indicators used to determine the top and bottom of the market. based on it, the bottom of the market can be between 17.500 to 26000.
Fundamental Indicators:
3- Delta CAP: Market Cap has historically touched Delta Cap at market bottoms. the value of Delta CAP is 17500$ now. It can be estimated that if the downward trend of bitcoin continues, it can reach around this price
4- BALANCED PRICE: Developed by David Puell to determine the low market price, it is currently valued at $ 19560
5- CVDD: Cumulative Value Days Destroyed is another fundamental index developed by Willy Woo. it has historically picked the bottom of the market. it is currently valued at $ 14000&
It seems that two areas can be identified for the bitcoin bottom: based on the fundamental indicators between 14,000 and 18,000 and based on the technical indicators between 20,000 to 26,000 dollars.
The above numbers are curious in historical charts and there is no guarantee that they will happen in the future.
These analyzes are based on historical data:
Technical Indicators:
1- MA200 on weekly time frame: It is one of the most accessible indicators that historically shows the bottom of the market. weekly MA200 is now 20400$. It can be estimated that the minimum price based on this index could be around $ 21,000 to $ 26,000
3- Delta CAP: Market Cap has historically touched Delta Cap at market bottoms. the value of Delta CAP is 17500$ now. It can be estimated that if the downward trend of bitcoin continues, it can reach around this price
4- BALANCED PRICE: Developed by David Puell to determine the low market price, it is currently valued at $ 19560
5- CVDD: Cumulative Value Days Destroyed is another fundamental index developed by Willy Woo. it has historically picked the bottom of the market. it is currently valued at $ 14000&
It seems that two areas can be identified for the bitcoin bottom: based on the fundamental indicators between 14,000 and 18,000 and based on the technical indicators between 20,000 to 26,000 dollars.
The above numbers are curious in historical charts and there is no guarantee that they will happen in the future.
