Here is the updated version of my long term Bitcoin logchart. Looks like we are entering a new cycle. If we look at the 2 previous cycles, the bear market bottoms were around 85% from the cycle top. For this cycles that would be around 10k USD, but with the fear of a world wide recession, maybe we can see lower prices this time.
The fibonacci trendlines are still the same, as i drew them in october 2018. I hope they will continue to give a good market overview and trade setups.
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