Looking at a much larger time frame can give perspective. A fellow crypto investor pointed out the monthly chart on BTC yesterday and I thought it was something worth giving another look.
The Bear Has Been Broken
If you look at the monthly chart of bitcoin in this post, you will see that long-term downtrend has been broken (identified by the blue trendline).
This occurred with the April breakout and now May is looking to be a third month of gains. We shall see how that plays out, but price action does look a whole lot better than just two months ago.
Levels upon
Bitcoin Price Analysis on a Long-Term View
May 2, 2019
Published by timm
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