Member-only story
Cryptocurrency Investment
Bitcoin and Ethereum: The Beginning of new Bull Market?
5 min readJan 19, 2023
In this article, we are going to dissect this question by putting all emotions aside, doing basic technical analysis, and reference some expert opinions.
Key Questions
Over the last 10 days or so, Bitcoin surged from around $16,000+ to $21,600 (28% up). The key questions in all the investors’ mind are:
- Has Bitcoin and Ethereum bottomed?
- Is this the start of new bull market?
- Have we miss the boat. Should we FOMO in?
In this article, we are going to research into this topic (DYOR) and attemp to address this question.
Technical Analysis
Daily Charts
Looking at the daily charts below, BTC has touched the upper band of Bollinger Band, RSI is coming down from overbought level, and both %B and MACD are coming down.
