BTC/USD Theory on why this might last a while...possibly
Keep in mind that this is just me trying to find a pattern in the charts for fun, I could be totally off and BTC could super bullish right now like some others believe.
What it looks like to me is that BTC is jumping down from support line to support line but is retaining that $6000 - $7000 support extremely well.
From what I can see it looks like BTC is stuck in a bearish slope, and will be until the volatility between the bottom support line and the following mini-boom becomes too small. At that point, I believe we will start to see an extremely powerful bull market.
So from my perspective, it seems like we're looking at an August - September timeframe for our bull market to fully come back.
We had our "Roaring 20's" and now we're in our "Great Depression"... now let's just wait until we see the Roaring 100's
What it looks like to me is that BTC is jumping down from support line to support line but is retaining that $6000 - $7000 support extremely well.
From what I can see it looks like BTC is stuck in a bearish slope, and will be until the volatility between the bottom support line and the following mini-boom becomes too small. At that point, I believe we will start to see an extremely powerful bull market.
So from my perspective, it seems like we're looking at an August - September timeframe for our bull market to fully come back.
We had our "Roaring 20's" and now we're in our "Great Depression"... now let's just wait until we see the Roaring 100's
Comment:
The timeline is now moved up to a July - August event where our bull runs will become very small from the $7000 support. At that point, we may make a drastic move upwards like I previously stated. or we may crash and burn down to $3000 - $3500. Let us hope it's the latter.