BTUCSD has bounced up from 6k, where we were waiting for a double bottom to confirm this is a reversal sign which did not happen yet! There is a trend line from the top. Btc needs to break it to confirm its bullish power, otherwise, 6k is still possible for next, or 5k-3k lower lower price position coming soon.
Less is more!
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the trend line is still valid!
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still valid ,
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The bull sign probably is not going to happen before a retest of 6k.
Haha, everyone is "expecting" a correction... but lets be honest here, BTC whales are tricking everyone with bull/bear traps.... EVERYONE KNOWS BTC is heading to 20K, why the hell would anyone let the price drop to 6K again... makes no sense! There is no more fear, people are full of greed waiting to buy at "the bottom".... which is exactly why it won't happen.
I hope you're right Vera.... but watch BTC break though 9K before going to 8K
alerom
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@devilninja777, the trend line is intact at the moment until its is broken we are bearish short term simple
@devilninja777, It would drop to 6k again because everyone knows that it's being replaced by a myriad of superior tokens...
BTC is old, expensive to use, corrupted, and centralized in China. A country which is openly hostile towards Crypto. Anyone who's followed BTC at all for any amount of time has always known this. It's been dangerous / risky due to the Chinese ownership of BTC. Now that China is asserting itself, BTC is even less safe to hold than it was 3 years ago. And 3 years ago 95% + of all the hash power of BTC was centralized in China...
There are a million reasons to avoid BTC. If we don't stop taking it so seriously and move on to superior coins the entire industry is going to die. It seems like the financial elite who hijacked Bitcoin years ago have been planning on that for a while now.
Vladimir_RFF
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@VanBenno,
- it's not expensive to use anymore
- its not centralized in China
blueduck1776
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@devilninja777, Why? To buy more 6k BTC after buying there once and unloading at 9k. Rinse repeat. Is that a serious question? Big money controls this market and they have time and cash to keep accumulating until ALL weak hands are shaken out. They're in no rush. If you want to keep it from dropping then start loading the truck and buy.
gamster
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@devilninja777, Hovering at 8K now, think it will drop to 7.5k by next day.
Acel
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@devilninja777, If everyone knows thats its going to 20k, it makes perfect sense for the price to drop. Buy low sell high.
I hope you're right Vera.... but watch BTC break though 9K before going to 8K