BTC showing strongest bounce since the downtrend started over a year ago
Has bitcoin flipped the trend?
It's still early, but there are a couple signs indicating the trend has flipped.
The price is now almost 40% off the lows already, and has broke the downtrend for the first time during the bear market.
Check this out:
(Source: https://twitter.com/rovercrc/status/1614603304058626050/photo/1)
As you can see we broke above the red here for the first time in roughly 14 months.
This doesn't mean the price is going to fly to the moon immediately, but it does possibly indicate the trend has changed.
Instead of lower lows, we should start seeing higher highs.
I fully suspect the lows are in and the price is going to move sideways for a bit before really starting the bull market end of this year.
We have the next halving early 2024...
Upvoted! Thank you for supporting witness @jswit.
Thank you for the info. I brought coins on 41k btc and past months I started to dca my coins. Now in this massive gain, I'm still in the loss situation sadly
You are not alone, most people are. However, if history is our guide, these massive gains are likely just the beginning of what should be a roughly 3 year bull market.