As you can see from the chart above, our daily/weekly key indicator came out of the strong sell: when it entered in sell BTC/USD price was still at 10,000 to 10,200 dollars and when it entered in strong sell the price was at 8400/8600 dollars.
This is only the first in a long series of steps that will be necessary in the coming weeks / months in order to have confirmation that the medium-long term bullish path on Bitcoin has really resumed. But the risks of violent turnarounds are always intact as long as its price remains below 5750-6350 dollars in weekly candle close.
In any case, it must be said that the weekly/monthly support level, WHICH HAS NEVER BEEN BROKEN IN THE 10-YEAR HISTORY OF BITCOIN, once again offered an exceptional support.
And this is exactly where the recovery phase started from and exactly where our software Cryptoraptor placed buy order at 3250.
Finally, the last bearish phase of Bitcoin/usd, the one that started at the end of 2013 and ended in the summer of 2015, lasted 21 months.
Just in these days of April, when prices have gone from 3800-4000 usd to 5200-5400 usd, we are about to enter the 17th month of a bearish phase from the historical highs marked at 18000/20000 dollars in mid-December 2017!
