Bitcoin Technical Analysis Indicates Near Mid Cycle Low

Bitcoin Technical Analysis Indicates Near Mid Cycle Low

The purpose of this article is to advise that, on a time frame cyclic basis, we are at the normal time that a low is formed in the Bitcoin market. This means that if the market performs as it has in the past, which is certainly no guarantee, we may be near the low point between periods of price advances. Typically, Bitcoin follows phases similar to those described in 'Dow Theory'. Spotting the low in these phases is crucial to good investment timing. Normally the best time to buy follows the end of a 'bear' market. At this time, pessimism is at a maximum and prices have already fallen....


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