It's just another analysis that has been broken and that's okay. In most of them, there's no perfect analysis and indicator and just as this indicator shows that it has been broken.
The others have also shown the same thing.
This is the nature and beauty of bitcoin, no one can ever predict perfectly what will happen in the future. And that's why if people are telling that it will go to zero, believe them not and just think of the unexpected price to rise soon.
The others have also shown the same thing.
This is the nature and beauty of bitcoin, no one can ever predict perfectly what will happen in the future. And that's why if people are telling that it will go to zero, believe them not and just think of the unexpected price to rise soon.
I agree that this just another analysis but the only difference was it’s accurate for a long time since Bitcoin exist which means this is not the typical analysis that we see on our social media account but rather the interpretation of the bitcoin price history for long time. I’m not a believer of this chart too but since I always seeing this picture on every Bitcoin post on my wall, I start to believe that many traders is checking on it as basis for the Bitcoin future movement.
Breaking the pattern after many years of being accurate is really alarming especially on the current times when the market is experiencing uncertainty due to the recent shit event. I will view this as warning but not a financial advice. It’s still good that we do safety precautions while we still have time.
