Hold on! We still need to look at the Bitcoin five-line chart at a critical moment
CryptoChan2024/09/14 03:14
By:CryptoChan
From November to December 2022, BTC bottomed out at Line 1 (around 16k) for about 2 months
From August to October 2023, BTC bottomed out at Line 2 (around 25k) for about 2 months
Currently, BTC has bottomed out at Line 3 (around 56K) for about 1.4 months
The figure shows a set of Bitcoin price cycle models. The model is designed based on on-chain data such as Coin Days Destroyed, Liquid Supply, and Realized Price. It uses 5 lines to completely divide the entire historical coin price from top to bottom.
0
1
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Bitcoin closes the week at $108 after a new record
Portalcripto•2025/05/25 23:56
Tesla Bitcoin: Company still holds 11.900 BTC valued at $1,2 billion
Portalcripto•2025/05/25 23:56
Cetus Confirms Aggregator Back Online, Addresses Frozen Funds Issue
Bitcoininfonews•2025/05/25 22:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$109,327.16
+1.32%
Ethereum
ETH
$2,552.12
+1.82%
Tether USDt
USDT
$1
+0.00%
XRP
XRP
$2.34
+1.03%
BNB
BNB
$670.67
+0.75%
Solana
SOL
$176.19
+2.21%
USDC
USDC
$0.9998
-0.01%
Dogecoin
DOGE
$0.2260
+1.56%
Cardano
ADA
$0.7583
+2.53%
TRON
TRX
$0.2714
+0.80%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now