Agreed... up or down is the more pertinent question! Will there be a fakeout?
tmurder
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@CryptoBanker, well the larger time frames are suggesting down
CryptoBanker
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@TolyG, I'd suggest the opposite: On the back of recent "China banning ICOs" news and Jamie Dimon down talking bitcoin, the recent sell off from ~5000 to ~3000 was about a 40% decline. That's been a common theme for Bitcoin in the last few years: A 30-40% decline followed by a push to new highs.
tmurder
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@CryptoBanker, you could be right I'm waiting for a close above or below the BB