Bearish Bottom Similarity Between 2018-2022 in Bitcoin Price Chart by chorock

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hive-167922 · @chorock · Sep 5 '22

$10.52

Bearish Bottom Similarity Between 2018-2022 in Bitcoin Price Chart

Lots of people think that Bitcoin price will go down to 10K or new bottom in 2022. I dont think like this. We may be on 2nd bottom of 2022 and It may be the last bottom of bearish season...

There are lots of similarities between 2018 & 2022. 

As you see weekly chart of Bitcoin below, Bitcoin may try to draw same pattern. So, It may take a few weeks in this level.

![Ekran Resmi 20220905 23.17.40.png](https://images.hive.blog/DQmbvEr9yi2cRQ8txf9siaf4pmezuyAvBT93FimM4mAiogV/Ekran%20Resmi%202022-09-05%2023.17.40.png)

I draw the moves of Bitcoin with green line. There is high low after dead cat pump..

![Ekran Resmi 20220905 23.18.20.png](https://images.hive.blog/DQmRbXSqUUT4MgFy9hL8sBCxviXBTeSQyqk6Q9ZM35wU2ie/Ekran%20Resmi%202022-09-05%2023.18.20.png)

When I copy and paste same move in today, You can see same pattern. It may take a few weeks...

![Ekran Resmi 20220905 23.19.25.png](https://images.hive.blog/DQmTQykui56yhefLE9tWFQPqBhGf1qyr5Z6c3avLtbyWvQn/Ekran%20Resmi%202022-09-05%2023.19.25.png)

I said lots of times that September may be the last month of bearish season and We may enter bullish season in October.

There are lots of signal on indicators and RSI Indicator show us same date..

![Ekran Resmi 20220905 23.21.26.png](https://images.hive.blog/DQmeo5HZ8qPDkVhqmEeL5fTXbQadfVvTJxh1x1FtU9GDeWe/Ekran%20Resmi%202022-09-05%2023.21.26.png)

If Bitcoin price doesnt break down 18500 USD, my thesis will be correct.

We will see...





Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chorock/bearish-bottom-similarity-between-2018-2022-in-bitcoin-price-chart)

👍 ripperone, muratkbesiroglu, smasssh, daveks, chorock, florian-glechner, maarnio, deepu7, marcusantoniu26, kryptodenno, mauromar, kirstin, ahmetay, andyjaypowell, utopis, votehero, eturnerx, bluemoon, barmbo, rtonline, tonyz, joetunex, abduhawab, harkar, jaster, voter003, pixresteemer, mitchtokita, costanza, syedumair, tomiscurious, acesontop, chetanpadliya, anadolu, dine77, eturnerx-dbuzz, voter001, pixelfan, horpey, sbi4, nazrul70, knowhow92, thales7, hivebuzz, fatman, dknkyz, gunnarheilmann, anna89, anroja, adriansky, stackin, benedict08, ladynazgool, centtoken, tht, hickasamam, lukasbachofner, isaacngore, sweetkathy, asridsyaref, leomaniacsgr, kgswallet, munawar1235, brofund-leo, and 24 others

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@acesontop · Sep 6 '22

I noticed that a few days ago as well. It looks like the price of BTC is making a double bottom formation.

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@hivebuzz · Sep 5 '22

Congratulations @chorock! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@chorock/posts.png?202209052143"></td><td>You published more than 1600 posts.<br>Your next target is to reach 1700 posts.</td></tr>
</table>

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