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Hold on! We still need to look at the Bitcoin five-line chart at a critical moment
CryptoChan2024/09/14 03:14
By:CryptoChan
From November to December 2022, BTC bottomed out at Line 1 (around 16k) for about 2 months
From August to October 2023, BTC bottomed out at Line 2 (around 25k) for about 2 months
Currently, BTC has bottomed out at Line 3 (around 56K) for about 1.4 months
The figure shows a set of Bitcoin price cycle models. The model is designed based on on-chain data such as Coin Days Destroyed, Liquid Supply, and Realized Price. It uses 5 lines to completely divide the entire historical coin price from top to bottom.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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