Its a good relief rally and now we trade above the weekly average now which means it can develop but the near reversal pin today is because of resistance from the old trading range we held.
Remaining questions are the monthly average and the 50 day average is still a weight descending overhead and thats where the larger picture would lie but certainly for that moment price got too cheap. I'd guess we end month end a bit more positively then we had previous in constant decline.
Remaining questions are the monthly average and the 50 day average is still a weight descending overhead and thats where the larger picture would lie but certainly for that moment price got too cheap. I'd guess we end month end a bit more positively then we had previous in constant decline.
Good signs today. I know it's not the biggest price increase we've seen and I have to say was disappointed it didn't just push through over 35k BUT the volumes of buying seem steady strong all around and even the localbitcoins traders in my currency are actually buying a lot more than market price so that means confidence. Let's see still, as long as it's as you say, positive month end, we're okay.
(seriously, you can't know.... but by analyzing the past and the differents psychologies of the investors and by knowing how the market is manipulated, then we can says that it's highly probable than it could return under 20k$)