Is the bottom in? I'm thinking yes!

in #btc6 years ago

Looking at the chart here, it sure looks like BTC is trying to put in a bottom. 

We have the price bouncing upward from a support zone and making a higher high for the first time in days.

We have a slight increase in volume and we have the MACD curling up and starting to cross from an oversold position.

First time we have that setup in ages on BTC.

I am not ready to call that $7,500 touch THE BOTTOM just yet, but it sure looks like it could be.

Even if it is not, I still think we could see a bounce all the way up to $12,500 or so.

Either way the next few days should be pretty good.

After that, we will see.

My personal opinion was that was the bottom.

Now let the FOMO begin!

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I agree, it will rise before it falls! great time to buy!

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