In weekly time units and in logarithmic scale, we can see that the cycles of Bitcoin have been based on technical support since 2010. This support gave way only once during the panic of the world stock exchanges in March 2020, due to the Covid 19 pandemic. This representation shows that Bitcoin is probably on the low of the current cycle (end of cycle) and that it will never return below $17,500, except in the event of a new global crisis which could cause the price to fall below its historical support.
The same analysis done in February 2019:
![[BTC] Cycles du Bitcoin](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
My analysis on the end of the current bear market:
The same analysis done in February 2019:
![[BTC] Cycles du Bitcoin](https://s3.tradingview.com/m/mn64sD9e_big.png)
My analysis on the end of the current bear market:
![[Bitcoin] end of bear market after throwback ...](https://s3.tradingview.com/m/MwMxLGdO_big.png)
Comentário:
End of the current bear market (update):
![[Bitcoin] End of bear market](https://s3.tradingview.com/c/Ck9bmVKQ_big.png)
Comentário:
End of the current bear market (update2):
![[Bitcoin] End of bear market (important update)](https://s3.tradingview.com/4/4pVRG34e_big.png)
