But I am a researcher and analytics professional outside of finance, and I see some consistent patterns in the data which you will be able to see as well. Those patterns have been fairly consistent since 20 February 2018 as the BITFINEX:BTCUSD price has been falling. It may be that BITFINEX:BTCUSD has reached the bottom because it appears these consistent repeating patterns were finally broken.
Conclusion: This is one of those times when the price becomes unpredictable.
Upside: This could be when the growth trends seen in 2017 resume.
Downside: I'm watching for a dip below $6,000 that holds before I am concerned about further declines. For the most part, the bears seem to struggle to keep the price below $7,000, but if BITFINEX:BTCUSD holds for a few days below $6,000 I believe the data suggests further declines will continue.
About Me: Although I am not a price charting expert, I am a professional researcher and I follow blockchain and crypto price, culture, and news trends and write articles on my observations to share what I am learning.
***This is not trading advice***