That is some great analysis buddy. That Mt Gox collapse hit bitcoin and other Cryptos really bad in 2013. I am keeping my fingers crossed that the lightning network will solve the scalability of bitcoin.
Nobody seems to know when this will happen and if we are at bottom or not. I watched an interesting interview on Ivan on tech channel. He was with Tyler Jenks who has been reading charts for many years. I think 40+
He says that bitcoin is undergoing a hyperwave and that it will probably drop to $1000 before it begins to grow.
That's his analysis but I bet time will tell how things will turn out. I had some morning activities, now on a break but will be out walking later this afternoon 👍😁
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@practicaleric, could you send me the link of that interview.
Btw, I did a couple if videos on Bitcoin in the end of November... I also think that BTC may drop below $2000 and reach levels close to $1000. I said this in my videos in November-December. And I explained why I thought so. But, of course, it would be nice if all of a sudden the scalability issue is solved ... and the price of BTC start rising again. Btw, I have worked with charts on a daily basis for the last 13 years. BTC is still in a Downtrend. So, it is quite possibly that this year we will see levels below the current ones.
But, let's see...it may turn out that the LN surprises us.
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Here is the link to that interview about hyperwave analysis.
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Thank you! I will have a look at it.
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