It's official, the BTC downtrend has been broken, up we go!
In what was expected for several days now, bitcoin is officially out of the downtrend
After falling rather sharply from the all time highs around $62k, bitcoin got as low as $50k, some 20% below the highs.
While mainstream media was all but ready to declare bitcoin in a bull market, the holders weren't worries.
As expected, after the massive options expiration, this happened:
(Source: https://twitter.com/BTC_Archive/status/1375844508047396865/photo/1)
We finally broke the downtrend!
This is a big deal for technical traders and algo funds that trade based on momentum.
The momentum is no longer to the downside, so the buy programs get turned back on and the sell programs get switched off.
Which means, it's time for some fun again!
When you have a trend like this it's hard to think it's not going to keep working out:
For whatever reason, the price tends to sell off into the last Friday of every month and rebound shortly after.
Options Expiration seems to weigh heavy on the price of bitcoin every month currently.
Looks like this downtrend break was spot on.
Price headed higher.
Once this consolidation is over, we headed higher still.
Hey! I don't know who to ask, friend, maybe you can tell me. I have a problem. i can't open and see my owner keys, active, etc. I can only open the posting key. I don’t understand what happened, and I can’t do anything without these keys. maybe you know what to do or tell me who I can contact
You need to login to your wallet, which you will need your active key or master password to login.