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.
2020 Halving
Alternate Prediction
Bitcoin Price Prediction 2020
Bitcoin Price Prediction 2021
Five-Year Bitcoin Price Prediction
