The more Bitcoin plays out, it seems like the bull run that people are waiting for has already happened. Following the blue trend line, it seems like Bitcoin could be heading into another bear market which will see Bitcoin sell off to $5,000 area. Its a higher low than last time.
Reality is, greed comes plays a part in this as well when in reality the bull may have passed. It was still a very significant bullrun in a short time frame. If you loo, the MACD and RSI are still bearish. There is plenty of room coming down. The thing is, alt-coins were supposed to break out these last could of days, but it seems it was short lived. We could be heading in for a long bear market.
$3,000 to $13,900 is a 360% increase. Thoughts?
Reality is, greed comes plays a part in this as well when in reality the bull may have passed. It was still a very significant bullrun in a short time frame. If you loo, the MACD and RSI are still bearish. There is plenty of room coming down. The thing is, alt-coins were supposed to break out these last could of days, but it seems it was short lived. We could be heading in for a long bear market.
$3,000 to $13,900 is a 360% increase. Thoughts?