Bitcoin and its price projection in logarithmic scale

Hello dear followers, today I bring you a post where I share the appreciation of an important Venezuelan trader and cryptocurrency advisor Anibal Garrido, who has emphasized what has long been debated about the fact that Bitcoin has always remained bullish within the logarithmic scale price chart.

For context, it is worth noting that the cryptocurrency industry, development and share prices have taken a beating the past two years despite its increasingly marked growth and adoption in global society.

There is little doubt that during the weeks leading up to 2023 we have seen significant movements in the price action of Bitcoin, the largest market cap crypto asset, which is currently trading at the $24,000 level.

While the price is quite attractive considering the levels at which it had been moving throughout 2022, and that despite showing in these first two months of 2023 green numbers, it does not leave whole signs of confidence in the short term.

However, there are indicators that have been showing that we are probably in a trend change zone, about this the Venezuelan trader and cryptocurrency advisor Anibal Garrido, has indicated that if Bitcoin is observed in a macro scenario, within the price chart in logarithmic scale, the trend is still bullish despite all these years and now in these last years.

Cointelegraph Venezuelan trader mentioned that Bitcoin has always remained bullish within the logarithmic scale price chart. Link

The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Cryptoslate