Volume is very weak, chart says everything, so a few words about the market situation and psychological games:
I really don't understand why everyone is bullish just because the price went up a few percentage points. I've seen a lot of people on TV talking about the BTC price going up to $5k or even $6k soon. In my opinion, major players are trying to get everyone excited and trick them into buying BTC with the hope that things will get better in the new year 2019. I don't think we've reached the real bottom yet and seen real capitulation. Even though this is a new year and we went up the last two weeks, it is important not to forget that we are still in a heavy bear market. Bears will come out sooner or later and show that they still have everything under control. From my point of view, we will see a STRONG response from the bears over the next few days.
$3980 seems to be an important level. If bulls can hold it, we might as well go up.
Do you share this view or do you disagree? I appreciate your opinions.
I really don't understand why everyone is bullish just because the price went up a few percentage points. I've seen a lot of people on TV talking about the BTC price going up to $5k or even $6k soon. In my opinion, major players are trying to get everyone excited and trick them into buying BTC with the hope that things will get better in the new year 2019. I don't think we've reached the real bottom yet and seen real capitulation. Even though this is a new year and we went up the last two weeks, it is important not to forget that we are still in a heavy bear market. Bears will come out sooner or later and show that they still have everything under control. From my point of view, we will see a STRONG response from the bears over the next few days.
$3980 seems to be an important level. If bulls can hold it, we might as well go up.
Do you share this view or do you disagree? I appreciate your opinions.