BTCUSD: Since past 1 decade after every bull run Bitcoin has a | TradeLog

BTCUSD: Since past 1 decade after every bull run Bitcoin has a tendency to have a correction of 84-86% during bear market and then rally again. Interestingly 84-86% correction from All time high is near around 10962$-9570$ area. And we have a CME gap exactly near this price range as well. In my personal opinion it is very likely that we will bottom out near that zone but in case we go below that it is going to be nasty and pretty odd scenario to deal with. So for now waiting patiently & accumulating enough cash to buy near those levels and not falling for Bull traps in between should be the plan for mid-long term investment. And in case you want to play with the bull traps in between then playing with small amount would be a good idea.