
A correction of around 30% is quite normal in a bull market. With an increase of no less than 500% in the past year and the breaking of the down trend line and horizontal resistance, I dare say that we are now in a bull cycle. On the 2D / 3D we see top formation which may indicate a moment of rest in which a drop of 30% is considered normal. If we go down that 30% then we come to the point which has served as resistance for almost 3 years and has now been broken through. Here is also confluence with the weekly golden pocket. Is history being made here in the sense of an S/R flip that brings BTC to a new ATH?
Last change to buy BTC cheap?
By MrCoingrats | Technical analysis by Mr. Coingrats | 27 Nov 2020
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