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RE: BTC - Is the downtrend back ?
I have to be honest. Though a lot of people want bitcoin to go higher, I would like it to settle for a while so that the smaller investors can get a chance to invest in it. Because we still have a lot of small investors who are not ivested in bitcoin yet. Hopefully they can get in soon and then we can all see it rally up to the $50,000 mark. Thanks for the analysis.
Smaller investors or those who have yet to invest won’t buy in because prices have dropped. That will scare people off. Prices need to rise again and dramatically to attract new investors.
I do believe it is going to go quite a bit lower than it is right now, and so I think your wish will come true!
@cryptopassion I believe your analysis is correct, because look at the head and shoulders pattern which is just about to break below its neckline.