I know this question isn't directed at me, but I'll answer it anyway. BTC bottomed in February, all the way down to a level that has acted as support ever since (roughly $6000). The fact that the bears keep calling for "another dip" or "capitulation" of an asset that shed 70% of it's value is, in my opinion, ludicrous. The support has held well, on many occasions throughout 2018. Sentiment is looking a bit bullish (at last), if somewhat lethargic.
I see absolutely no reason why BTC should dip again, neither from a technical nor from a fundamental perspective. Should BTC dip again, it will probably just be down to the local support level, of which there are two. The first is steadily rising and is sitting at around $6050, while the more long-term one is a little below $6000 (let's say around $5850). But as for a new 2018 All Time Low? Nope, I don't see that and there is no reason for it to happen.
Thanks for your thoughts. You seem to get a bit out of sight, that BTC has been around 1K$ for quite a while in 2017, so even if it dropped to 3K, it would still be considerable gain. Those who think 6K is low, only focus on the bandwagon trip from q4/2018, this is not all of BTC history though... take a look at that and you will see btc has been around 300$ for years!
It is low, in light of the fact that if you follow BTC history back to the beginning, it has a very strong general up-trend. You can't compare BTC to a static value because it should be rising. For BTC to drop to 3k now would be to break through every trendline established to far. If you go through my posts you'll see that I specifically look long-term and track BTC progress over such time scales.
Yes you are right, there is a longer term bullish trend. But has that trendline reached 6K already? I am not so sure about that?
Absolutely agree with you @bitbrain, the fact that most of the dumb traders on Trading View are waiting for "the dump" tells me it'll never happen, chart shows clear accumulation, time to get in.
It certainly looks that way to me! Buy now or cry later!