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RE: Broad BTC Price Analysis Technicals And A Few Fundamentals

in #cryptocurrency6 years ago

Behavioral factors definitely coming into play which is unfortunate because it will drag the dull market on as any rallies are going to be sold unless sentiment, volumes and fundamentals materially improve to align with intrinsic value. Even I have been impacted as seeing a low or potential bottom hit 3 times is not a positive signal. I believe we need a wipeout or capitulation with heavy volume to create a new low and base for a the next move higher. However, as a long term investor I am still scaling into positions and actually started to diversify more given prices I am seeing elsewhere.

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