Along with the rest of the equity markets, the Bitcoin price has been hit hard as COVID-19 has wreaked havoc on markets around the globe. However, when looking at the Bitcoin performance relative to other assets, some bullish patterns are starting to take place.
Short-Term Prediction
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Important Highs and Lows
Previous Market Cycle Comparison
- January 13, 2014, and December 15, 2018 lows are the only dates in which the weekly RSI fell below 30.
- Finally, both these lows caused the price to touch the 200-week moving average (MA). Therefore, it would make sense if these two lows marked similar points in their respective market cycles.
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2020 Halving
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Alternate Prediction
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