Topic: Time to buy! Bearish trend seem over. - page 3. (Read 584 times)
The end of bear market can be declared with certainty only when we'll have a bullish trend for a longer period of time, like a few months. The price isn't going down and is relatively stable, but it can actually freeze here for many months, like it happened in 2015 when it stayed at around $200 for the most of the year. We had a lot of false bottom calls this year as well as promises of new ATH by the end of this year, so I tend to be skeptical about bullish predictions right now. There's probably still a lot of selling pressure from people who bought at high prices last year and now wait to break even and get out.
I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.
While these 6300-ish prices do look very good and while many signals tell that the big boys are accumulating, it's not 100% that the bearish trend is over. Of course, nothing is ever 100%, but sudden dumps still happen for no clear reason.
I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.
Jump to: