Bitcoin analysis - Short term Bearish until Monday then Bullish
Bitcoin has lost its attraction as the main coin and its dominance has fallen to 33-35% (cryptolization.com/) the Hash rate has risen 10% in the last 24hours (bitinfocharts.com/bitcoin/).
But anyways.. I think we are close to breaking the downtrend and getting ready to push for new highs.
History - The rise started 12.11.2017 around $6000 :o and reached its ATH around $19500 or so depending on the exchange.
Then we stared retracing back from the highs all the way to $11000 and all Altcoins started having their record-breaking rallies.
Then the Bitcoin started rising and lowering until it reached todays closely monitored breaking point.. But it DID not break...
I believe we are still going to touch the lower trendline and then go to new all time highs..
But anyways.. I think we are close to breaking the downtrend and getting ready to push for new highs.
History - The rise started 12.11.2017 around $6000 :o and reached its ATH around $19500 or so depending on the exchange.
Then we stared retracing back from the highs all the way to $11000 and all Altcoins started having their record-breaking rallies.
Then the Bitcoin started rising and lowering until it reached todays closely monitored breaking point.. But it DID not break...
I believe we are still going to touch the lower trendline and then go to new all time highs..
Comment:
So there was a break in the flag, but the volume did not continue. So maybe some fat fingers at work who wanted to see, if people will follow.. so far they have not. But all the alt-coins dropped to the yesterdays lowest levels immediately
Comment:
Maybe it will follow the rays..
Comment:
So seems like $16K is still holding, so new idea.. :) Comes down to touch the $15200 line and then up..