Thanks for providing us with the information.
I would love to be able read the charts like this and predict the next movement of the asset, unfortunately I can't.
Bitcoin market seem to be bit deceptive these days forming lot of bulltrap. In the last week or so, bitcoin has shown signs of some bullish movement only to fall even more. Right now there's complete silence in the market. I hope this is a sign of huge upward jump. Hopefully this time around, it will have strong bull trend and go back to where it was a month back.
I have heard, that bitcoin obeys more fundamental analysis than technical analysis, I am not really sue about this though. My feeling is that the market will be prone to small drops or the price will be going on a sideward trend till the end of the Chinese New Year and we could see a bull movement after the mid of February.
So, how soon do you think will Bitcoin go back to $20k and what is your year end prediction?
Thanks
I don't have a fixed opinion, but I think another low is needed to clear the market of the weak hands. Imagine buying at 19000 and being sad to sell @ 6000, just before the market turns bullish again...
THIS IS TOTALLY IN THE CARDS !!!! I would be HONORED to buy a noobs BTC that they paid $18,000 for for only $6000!!!! LOL If newbies and wallstreet think its easy .................THINK AGAIN.........you say another week or two great two more weeks of vacation!!!!!!! I mean honey do list