Impossible to know for sure. Try to take market moves just as probabilities.
From my perspective, we are still lacking a move downwards to complete a needed cycle before going upwards again. If it does it, it'd be a very healthy movement upwards that could bring us back to ATH.
If instead the price just rises, I'd be fearing a deeper dump, maybe to the $6k-$8k zones.
Again, these are just probabilities. I have my analysis and bias in regards to the movement, many people thinks we are already in the bullish cycle.
I think the Bull's back (we have clear early signs in the Weekly chart) but for it to regain full strength we still need to go lower. It's like this:
We go down in order to go up
We go up in order to go down
That's pretty much about the healthy movements of the market. Anything else is just manipulation, and those are dangerous waters to be swimming in.
Nope. BTC spot prices for buying. Everything is in the k's ex. $15 = $15,000
ah okay. $BTC are they dropping that low?
Impossible to know for sure. Try to take market moves just as probabilities.
From my perspective, we are still lacking a move downwards to complete a needed cycle before going upwards again. If it does it, it'd be a very healthy movement upwards that could bring us back to ATH.
If instead the price just rises, I'd be fearing a deeper dump, maybe to the $6k-$8k zones.
Again, these are just probabilities. I have my analysis and bias in regards to the movement, many people thinks we are already in the bullish cycle.
I think the Bull's back (we have clear early signs in the Weekly chart) but for it to regain full strength we still need to go lower. It's like this:
That's pretty much about the healthy movements of the market. Anything else is just manipulation, and those are dangerous waters to be swimming in.