Update BTC price trend on 26/2/2018:
This week is very important to determine the price trend of BTC in the next 1-2 months. After bottoming out at $ 6,000, the next trough will decide that the BTC could exit the downtrend and continue to rebound or be a long-term downtrend that lasts until the end of the year.
The trendline can see a clear downtrend if this week BTC can re-gain $ 11,000 and create a buy zone above $ 10,500 in a few weeks likely to break the downtrend and have a new growth cycle. .
Conversely, if the price falls from $ 9,300 this week, it can test the bottom $ 6000 and deeper has a bottom $ 4,000 waiting. In this case, BTC will take about 6 months to get rid of downtrend. This case looks like a full market reset and a very bad cycle for Altcoin.
Regarding the situation Altcoin is currently bottoming out and only slightly recovered, all are still waiting for the signal of BTC. If in the following week the organizer breaks the downtrend, it will be a very nice time for Altcoin.
Risk and opportunity are always parallel, everyone should follow the market to make the optimal decision in this time. Personally, I am inclined to the case of BTC will break the downtrend next week. The next article will analyze why;
Next week is the most important week with BTC.This week is very important to determine the price trend of BTC in the next 1-2 months. After bottoming out at $ 6,000, the next trough will decide that the BTC could exit the downtrend and continue to rebound or be a long-term downtrend that lasts until the end of the year.
The trendline can see a clear downtrend if this week BTC can re-gain $ 11,000 and create a buy zone above $ 10,500 in a few weeks likely to break the downtrend and have a new growth cycle. .
Conversely, if the price falls from $ 9,300 this week, it can test the bottom $ 6000 and deeper has a bottom $ 4,000 waiting. In this case, BTC will take about 6 months to get rid of downtrend. This case looks like a full market reset and a very bad cycle for Altcoin.
Regarding the situation Altcoin is currently bottoming out and only slightly recovered, all are still waiting for the signal of BTC. If in the following week the organizer breaks the downtrend, it will be a very nice time for Altcoin.
Risk and opportunity are always parallel, everyone should follow the market to make the optimal decision in this time. Personally, I am inclined to the case of BTC will break the downtrend next week. The next article will analyze why;
If the BTC continues to decline, we will starve to death.
But 90% after a few days, Coinbase will announce full support Segwit, BTC price will be pushed to help the BTC out of downtrend!
Whatever happens, btc will remain in the long-term growth trend, as the current market is too small for larger markets!
The BTC strongly adjusted to create stronger growth momentum!
When btc grows again, it will be time for the altcoin to grow in a breakthrough!
Let's wait for the most important week of BTC !! If the BTC finishes above $ 10,500 then the downtrend will break!