For all the crypto investors this might be a very useful blog .
Seems so that after a long correction bitcoin might be heading upwards now .
But wait , are the corrections done or is there still time for bitcoin to bounce back to its all time high .
Lets check out some important analysis.
Btc seems to be having a strong support at 6100 $ and it seems likely to be difficult this support as btc is currently forming a rising wedge according to this 30 min chart.
Bitcoin has also formed tripple bottom formation last week so according to this chart also the btc price looks ready for its next leg up.
Bitcoin currently looks ready for a bull ride but still cant confirm due to the fuds that the whales come up with .
According to an interesting stat btc miners would stop minning bitcoin if bitcoin reaches 5000 $ as it would be impossible for them to gain any profit , so this is the main reason that bitcoin wont come under 5000$ .
So it is impossible for bitcoin to go under 5000$ .
So according to me bitcoin is now ready for its next bull run . What do you think ?