Digital Currency Past Present Future - Decision Time for Bitcoin & Altcoins

in #bitcoin7 years ago

Overnight, bitcoin continued bleeding confirming the bearish trend towards $8,000. Right at this moment, it created a triangle and this triangle will decide bitcoin's fate for the remaining days of the year.

If it drops, which is more likely due to the current bearish trend, then we are going closer and closer to the $8,000 target. Upwards trend has only 30% chance of happening.

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i think its for the Christmas vacation. and also can be a gift for those who dont have enough bitcoin on his account should invest on it.
will be ok on january.

I agree this does not look good for bitcoin, but the volume is dwindling. I think the weak hands have been removed and now it is prime to be held for the next big move. I am hoping its up.

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