Bitcoin (BTC) Technical indicator showing that the bull market has not yet started: Quant Analyst Planb
Popular Quant Analyst plank says that a key indicator shows a Bitcoin (BTC) bull market.
In a video update, an analyst named asserting Saying The 209,000 YouTube subscriber shows that a 200 -week combination can enter a explosive rise trend based on historical precedent.
Analyst says 200 weeks of arithmetic and 200 weeks of geometric is currently close to each other in the graph and indicate a possible Bitcoin rupture.
“The bull market is still formed and [arithmetic mean] He will leave again, he will leave again from the geometric average.
One more thing in these two lines. Note that you cannot get a 200 week bear market or a big accident [arithmetic mean] And the geometric average together. Big accidents here [in 2021 and 2022] When there is a deflection between the two lines. Also, there was a big gap between the two in 2018 [means]. The same here in 2014 and 2015. “
Analyst says Bitcoin has soon went to explosive conditions when two types of 200 weeks of vehicles are close to each other in the graph in 2020 and 2017.
“In fact, if we look at the historical situations where the lines are with, this will be here at the end of 2020; the bull market has begun. [thing] At the beginning of 2017, the lines came together. For this reason [arithmetic mean] And the geometric average may mean that the bull market is about to start together. “
Bitcoin is traded for $ 80,641 during writing.
https://www.youtube.com/watch?v=mmqm9j3uewu
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