BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Like everyone else, I've been watching BTC the last couple of weeks to see if it will return to $3,200. Some were hopeful that the brief green we saw was the turnaround but I was pessimistic and expected a return to low $3k and possibly more.

But, judging by these wicks and the attempted dumps that have failed and shown some decent rebound in price (and volume ) it is looking more and more like we're near a bottom - at least for the short to medium term.

Thoughts? Even if we are at a local bottom for now, I'm not saying this will lead to some miraculous turn around, I don't see the price reaching another ATH for quite a long time (years), but judging by the price action recently it would appear we stay in this range for some time longer (similar to the $6k mark where it was sideways for a while)


We are going to keep going sideways and droping until july 6, 2019.
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