A perspective on bitcoin's price history

30 thg 1, 2018

BTC is back inside its traditional upward channel, however, still on the upper side of it. So it is not surprising that there is still a lot of bearish sentiment and seller dominance in the market at this time. It will take a catalyst to convert bears into bulls, and bring the cash back into BTC.

8k is still a possibility, but multiple resistance lines between 11k and 8k still. Market recognizing that these are good prices for long term buy.