Bitcoin needs to break the downtrend before we get too excited...
The bounce was nice, but nothing has been confirmed just yet...
Bitcoin bounced nicely off of those $32.9k lows.
It had over a $6k bounce as it was trading over $39k briefly yesterday.
However, nothing on that chart looks exciting to me unless and until we break the downtrend...
This downtrend:
(Source: https://twitter.com/WClementeIII/status/1488598522618335247/photo/1)
That being said, we may be trying to build a base here to break that line in the not too distant future.
I am a buyer if we get some throwback back to the $35k area or lower.
Or, if we break the $40k area and hold, I would also be a buyer there, which would be a break of the that downtrend line posted above.
Bears are trying to taking control over it. If we look the history of bitcoin. Then we will see, after every halving year+ to the next year btc creates ATH, then it goes under the control of bears. Recently btc has lot of good news but it still stuck in the 32-38 range bound. Unless any big institution involvement , I don't see any bullish turn in btc.
Upvoted! Thank you for supporting witness @jswit.
Oh! Too nervous to see what would happen next!
It would be so great to see BTC drop to 30K or below.
I am stacking up each dip and so I would buy more....
Thats a longterm bet for me that has a time horizon of 10 years.
Bagai mana dengan keadaan Steem untuk yang akan datang bos???
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Amazing post