10x Research Market Updates

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10x Research Market Updates
10x Research Market Updates
๐Ÿš€ Bitcoin Crash, Panic โ€“ Is the Bull Market Over? Whatโ€™s next?
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๐Ÿš€ Bitcoin Crash, Panic โ€“ Is the Bull Market Over? Whatโ€™s next?

Institutional Crypto Research Written by Experts

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10x Research
Mar 06, 2024
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10x Research Market Updates
10x Research Market Updates
๐Ÿš€ Bitcoin Crash, Panic โ€“ Is the Bull Market Over? Whatโ€™s next?
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๐Ÿ‘‡1-11) According to our analog model, the crash was supposed to come next week โ€“ not this week. The September 2017 timeline appears to be a perfect overlay to the current rally which started end of January. Of course, those analogs rarely work perfectly, but they might provide clues about the market psychology at turning points and what might come next.

๐Ÿ‘‡2-11) Our trading signals model triggered a โ€˜high volatility signalโ€™ for Bitcoin that tends to signal the end of bear markets, but when the trend is up, this signal tends to be bullish โ€“ with 8 out of the 10 previous signals making money. Still, when the signal didnโ€™t work in the two out those ten events, prices declined -10% and -13%.

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