This Is Why We Will Not See Bitcoin At $6200 Again

This is why we will not see bitcoin at $6200 again.

I know you have heard this stuff earlier many times in the last 6 months but let me tell you why that we will not see bitcoin at $6200 again.

  •  Technical Analysis-

This is why we will not see bitcoin at $6200 again

Broken Triangle

You can see the worst crash in history in bitcoin in the above chart, But what I can see that bitcoin has broked the triangle that where we were stuck in the last 6 months.

Today bitcoin jumped from $6200 to $7798 and dropped and now stable at $6700 – $6900, But we can see clearly that bitcoin broked the baresh triangle and now bitcoin is ready to make another history.

Higher Low

Bitcoin’s bottom was around $5800 and next bottom was $6000 and before breaking triangle bitcoin made a higher low at $6200 and broke triangle with full energy and this is just beginning of the start of Higher lows, I think we will see now lower lows and start of next bull market.

We all know that there are big players who make pumps and dumps they have made a lot of money from bitcoin and now they have a super low price and they are buying as much they can.

This is just my thoughts on market.

let me know your thoughts in comments

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