Has Bitcoin (BTC) Ended Its Decline? A Comparison With the Summer 2021 Correction - BitcoinEthereumNews.com
Bitcoinक्या बिटकॉइन (BTC) ने अपनी गिरावट समाप्त कर दी है？ ग्रीष्मकालीन 2021 सुधार के साथ एक तुलना02 / 26 / 2022बिटकॉइन एथेरियम समाचार Bitcoins ongoing cycle is significantly different from its historical counterparts. Technical indicators, on-chain analysis, market sentiment and investor expectations are often divergent. The various time frames are often in conflict with each other. This is why many analysts have a hard time clearly determining whether Bitcoin is already in a bear market or still in a bull market. In such a situation, it is helpful to stop looking for analogies with the previous bull markets of 2012-2013 and 2016-2017. While agreeing with the working hypothesis that this market is different from the previous ones, it is important to focus on the recent history of the BTC price. It turns out that comparing the current correction with the declines of the summer of 2021 provides the most clues about the current health of the market. In the following analysis, BeInCrypto looks at the fractal similarities between the current BTC price action and the May-July 2021 correction. Smooth, rounded peaks and bottoms, multistep price extremes, or psychologically similar loss realization on dips are just some of the similarities. The analysis provides several