2021-12-31 20:01:56
#BTC
Fun Fact Bitcoin on yearly candle price never close below the last yearly candle even in bear market.
2020 Year close was 28.8k. Bitcoin never went below. In 11 years of history bitcoin always respect yearly close. So depend on what price we close tonight and that should be our floor for next year.
According to this chart bitcoin should never go lower then 28.8k going lowers mean bitcoin break 11 years structure.
2021 bottom is at 28.8K.
And the Top is yet to be seen tonight …
The only time bitcoin go lower then previous year candle close only when btc is in bear market. Even with that it doesn’t go lower to test the bottom of that candle usually stops at 0.5 - 0.618 fibs.
P.s It’s not what I hope to happen or what I think might happen, I am just presenting to you the facts. I’m reading the facts in the charts to you and presenting to you the knowledge that you need to know to make more reasonable decisions.
This is my last Bitcoin Report of the year. Happy NY let’s kill 2022
213 viewsUltron, edited 17:01