Seeking Alpha
2022-06-15 18:28:53

Actions Recommended By Bitcoin's Decade-Old Cycle

Bitcoin is following through on its decade-old halving cycle and has completed 4 out of 5 predicted sequences of events in a bear market.However, Bitcoin must now make a choice on whether to complete its 5th sequence of events to conclude the bear market or to forgo its never -break-below-previous-peak rule.We showed that it is more likely for Bitcoin to complete its 5th sequence of events to reach $10,500 before concluding its current bear market.We're following through on our suggested course of action back in May 2021 to dollar cost average into Bitcoin at three critical support levels, $30k, $20k, and $10k.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.