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RE: BTC - Downtrend line broken => Break Out
It's a good thing if the price will go up more than 12,000. That will be awesome for all of us specially for those who bought it very cheap during the dip.
It's a good thing if the price will go up more than 12,000. That will be awesome for all of us specially for those who bought it very cheap during the dip.
I think IF we do see prices above 12k, it won't last long. Those same people who bought the dip will be taking profit. Only thing that will carry us to ATH is another bullrun.
For that to happen we need to see massive amounts of investment and without a bullrun I don't see it happening. Catch 22, we need a bullrun to cause a bullrun. Sounds silly I know, but the initial bullrun can be market manipulation and the persuant bullrun has potential to hit a ceiling and come crashing back down. Been so bullish for so long but I can't help but feel bearish.