{"id":389575,"date":"2019-07-11T20:00:39","date_gmt":"2019-07-11T20:00:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=389575"},"modified":"2024-06-11T07:40:57","modified_gmt":"2024-06-11T07:40:57","slug":"crypto-trend-analyst-bitcoin-price-rally-has-ended-bottom-december-2019","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-trend-analyst-bitcoin-price-rally-has-ended-bottom-december-2019\/","title":{"rendered":"Crypto Trend Analyst: Bitcoin Price Rally Has Ended, Bottom December 2019?"},"content":{"rendered":"

In December 2017, Bitcoin<\/a> hit its all-time high of $20,000. In December 2018, it touched its bottom at $3,200, before going on the parabolic rally that brought us to the price point where are right now – a critical junction that either takes us into a reaccumulation phase, or Bitcoin goes on to set a new all-time high after this \u201ccorrection\u201d has finished.<\/span><\/p>\n

In December 2019, according to one crypto analyst, Bitcoin will once again touch a bottom before rising to set a new all-time high. The month of December has also historically been the month where most tops and bottoms occur across financial markets, adding additional weight to the chartist\u2019s theory.<\/span><\/p>\n

Long-Term Trend Analyst: Bitcoin Price Is Resetting, Finds Support Around End of Year<\/span><\/h2>\n

Crypto analyst Dave the Wave has been nailing just about every call since the bear market bottom. The chartist focusing on long-term trend analysis using tools like the 200-week moving average and the MACD, called a bounce around $3,250 perfectly<\/a>, and has been suggesting that moving averages appear to indicate Bitcoin needs to cool off for a bit<\/a>.<\/span><\/p>\n

The analyst believes that if Bitcoin’s falls as hard as it rose, then it will take until the end of the year for Bitcoin to return to mean.<\/p>\n

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If the correction is as long as the parabolic rise, looking at the end of the year. pic.twitter.com\/0sT4B2s1Rs<\/a><\/p>\n

— dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) July 11, 2019<\/a><\/p><\/blockquote>\n