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Found something interesting on the Bitcoin chart
The current price action & fundamentals on Bitcoin are quiet similar to what we saw in 2019 and 2020
Price was trading in sideways and then we witnessed the 2020 pandemic sell off and then price started to move up when FED started to cut interest rate.
We now have the same picture, it's been 7 months $BTC trading in a range/sideways and we also witnessed a sell off all the way down to under $50k and now FED started cutting the rates. Coincidence ?
Am not saying we will the same move as we saw in 2020 but i think things are pretty much Aligning. The chart is bullish, Fundamentals are bullish. Lets see what we get.
What do you think? Will the history repeat ?
The current price action & fundamentals on Bitcoin are quiet similar to what we saw in 2019 and 2020
Price was trading in sideways and then we witnessed the 2020 pandemic sell off and then price started to move up when FED started to cut interest rate.
We now have the same picture, it's been 7 months $BTC trading in a range/sideways and we also witnessed a sell off all the way down to under $50k and now FED started cutting the rates. Coincidence ?
Am not saying we will the same move as we saw in 2020 but i think things are pretty much Aligning. The chart is bullish, Fundamentals are bullish. Lets see what we get.
What do you think? Will the history repeat ?
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