Bitcoin has been declining steadily for almost 2 weeks. How long can the bears last?
Still no major crash and increasing volume. Next full moon is Aug. 11, which is a likely bullish signal, but I believe the price will begin moving before then, followed by a stronger bull move at the time.
In the meantime, we may experience one more leg down via the bearish channel I drew, which is still in effect. This market has to decide whether it wants to go full bear or return to bull, and I don't believe it will be able to move past strong support at 550-560.
Input and donations are always welcome:
1M5GwoSiyTEKCKY3Dp3S2CesA6hgxHKSvk
Cheers.
Still no major crash and increasing volume. Next full moon is Aug. 11, which is a likely bullish signal, but I believe the price will begin moving before then, followed by a stronger bull move at the time.
In the meantime, we may experience one more leg down via the bearish channel I drew, which is still in effect. This market has to decide whether it wants to go full bear or return to bull, and I don't believe it will be able to move past strong support at 550-560.
Input and donations are always welcome:
1M5GwoSiyTEKCKY3Dp3S2CesA6hgxHKSvk
Cheers.