Bitcoin BUY Signal soon! (Log scale)
Updated
Orange circles - Areas of interest, where to accumulate and buy.
Key target for the long-term, perhaps after halving. 1.618 Fib Extension established at around 200-220 K, assuming Fib retracement from previous bull run is hit at 0.618, which is my favorite number for long-term technical analysis.
220'000 / 8'000 to 12'000 = 27.5x to 18.3x ROI. (Or 2'750% to 1'830%).
Even if we go up from 14k region we will still enjoy hefty returns, at least 10x from here.
Average Sentiment Oscillator still confirms that Bears are in control, that orange area is being looked at for a potential cross-over of the blue line, which indicates that the bulls will be in control.
RSI is at its lowest and all sentiments are indicating the bottom may be near.
Note
My trend lines are off due to Log chart, Just noticed... You get the idea
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