Bitcoin fell below $ 45,000. What is the concept of marketing?

Recently, the price of Bitcoin (BTC) has moved from a high of $ 48,000 to a support of $ 45,000, once falling to nearly $ 44,200 and experiencing a close to 10% retracement. Traders have no choice but I'm worried if the competition is over but will Bitcoin go down further?

In fact, many traders ignore Bitcoin's long-term sentiment and focus only on short-term prices, but looking at last year it is still at 274.2%. The best return on that investment usually comes from a combination of companies.

Although the recent Bitcoin collapse has shown some reversal, onchain analyst Willy Woo believes that the bull market has not yet passed and that the Bitcoin bull market will continue until 2022. In the context of the macro cycle , long-term investors continue to rise. maximum drawn below. The first signs suggest that the bull market may continue until 2022 and that Bitcoin has come out of its internal four-year half.

In the context of the macro cycle, Willy Wu said that long-term investors continue to recover and rise to their maximum, will be ready for future inflation to create the new low. After Bitcoin's halving, there has always been a pattern that appears to improve Bitcoin's growth rate, and it is likely that Bitcoin will reverse that pattern in the coming months. .

An example-sensitive indicator developed by the "Father Challenge" indicates that Bitcoin will remain bullish and that Bitcoin is ready to dive higher after defending a key line in the xeeb conflict. Using data from Donchian Channels to reduce the monthly cycle makes continuous improvement more evident. Especially compared to the previous market peak. The Donchian Channel Indicator was developed by Richard Donchian in the mid-20th century and later called the “Father of Compliance”.

The tool itself is used to identify the differences. An asset starts the difference by crossing the middle, which is the collision line between buying and selling. A continuation of the bullish or bearish movement stretches the channel strip. The average is best defined as the "average value" of an asset returned after a different period of time. A good defense of the medium often results in a loss of meaning. As the price of Bitcoin now shows, if this gap widens, theoretically, the bullish channel should expand as the price rises.

Judging by the current level of Bitcoin, it seems difficult to hit its peak of over $ 64,000 on its own. However, many analysts have predicted that the price of Bitcoin will rise by the end of the year and exceed its peak in April of this year.

Among them, checking family encryption is estimated in June. As the stock 2-flow structure of the current design, the prediction of Bitcoin can reach 47000 on the Mail 47000 August. It seems on the way now than US $.