Every time Bitcoin formed a price base in the past, a rise in price followed.

![price base.JPG](https://cdn.steemitimages.com/DQmTuCGSLJvciAD822o3iEZmetZgSfuDUiPgu4aVGwMkRKf/price%20base.JPG)

It has done this about 5-6 times before, most of the time after big bubbles.

Most importantly after the last 3 bubbles it has formed such a baseline with low volatility before rallying into the next bubble.

There are many that believe bitcoin is going down further.

In particular, there are a few analysts that I really respect such as woobull.com and Tone Vays, that believe the price will go down further, while being overall Bitcoin bulls.

One particular Indicator by Willy Woo is very convincing ( http://charts.woobull.com/bitcoin-nvt-ratio/ ):

![NVT.JPG](https://cdn.steemitimages.com/DQmYXS6C1k3u2j2sXnQTHALRD3GCseHSDRcyRPqDA3Rig9N/NVT.JPG)

# Yet

Bitcoin has never formed a strong base like right now with low volatiltiy and crashed afterward.



What do you think? Were you aware of this?


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