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RE: Bitcoin, EOS, Ethereum and Ripple Technical Analysis: THE BEARS GET A WIN
I think that something has to give… While the trend is clearly lower, I think in these times of uncertainty is when fundamental analysis helps. I think that fundamentals points to continue demand for bitcoin in the longer term which would support a bounce sooner rather than later. However, I also believe that a big capitulation event should occur first to establish a true bottom; not what we see here with multiple $6k supports… It will not be for the faint of heart…
I agree...fundamentally, Bitcoin should be ready to soar in the very near future. We're seeing the pattern tighten to a point where it can't go on. Something will give. Either we're going to see a major bull break in the next 4-8 weeks, or price is going to crash to the point people are declaring bitcoin dead. If/when the latter happens, you'll know an unprecedented bull market is just around the corner...and I'll be happy to buy the sellers bitcoin.