Is it just me, or do the daily Bitcoin chart from tradingview now looks like Bitcoins have got a boot on, and is finally ready to start climbing up after it have reach the bottom?
I don’t think it is getting ready for anything. Sometimes it acts like it’s going to run up and before you know what’s happening it is going down again. Bull run will come but I don’t think it is anytime soon. Maybe it is going to be by the end of the year or even next year. For now I think the price is going to be just stable through out. It hasn’t been able to cross the $3k mark.
Hoping this bearish trend will stop because its obvious the bearish are too abuse all this time but being impatient is not good maybe I will buy more and waiting for the right time, I can see something big happen for the 2020 halving, but until now my technical analysis for bitcoin is in the bear trend.
Do you think whether the price will go up depends on the halving?
I don’t really think so man. I think that the bull will be something that’s going to happen just when the right time comes. This is the same thing everyone was saying that there is going to be an increase in 2019 after ETF is approved and we have all waited for the so called ETF to be approved and that never happened. Now they have all moved to saying that it will increase after the halving . Let’s keep watching.