Is History Repeating Itself with Bitcoin! Here are the Details...

In the statements published by Bitcoinsystem, it was stated that the current situation of the price average, which is among the most important indicators for investors waiting for the bottom of the bear market in Bitcoin, is very promising.

This data, which allows us to see the price average of Bitcoin (BTC) for about 4 years, is of great importance in terms of marking the bottom of the bear market in the past years. While it is stated that there are buying signals in Bitcoin, the cryptocurrency leader that everyone is worried about, Bitcoin has re-entered the safe zone. It was seen that the last 3-week close was above ma200. The first week of August tested this level and it was stated that it was maintained. Last week, it rose to $ 25,000 above this level. It is stated that the main support point in the coming processes will be $ 23047 (weekly ma200) and as long as the price stays above this level, the market should be viewed positively. Looking at the daily chart, it is noted that the averages are converging and there is a narrowing. As such, it is emphasized that there may be possible rises up to $ 28600 in the coming period. Source: Bitcoinsystem The investment information, comments and recommendations contained in this article do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.