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RE: Bitcoin to 100k - RSI weekly analysis
Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
Hi thanks. I think there is still a lot of uncertainty, lots of price manipulation, and plenty of FUD by the media. On the flip side, the technology is getting ever stronger, companies are growing and maturing (think of Lisk for one example), and the general direction of the market is moving in the right direction, just at a slower (more sensible) pace than it did in 2017. For traders though, i believe we may see this overall general downtrend continue for months before we see a proper market reversal - just look at the price volume on any of the charts, it just isn't really there like it was in 2017. But, this is crypto, things could turn bullish in an instant, and then all the rockets and moon memes will be out in force again! :)