Chart mainly speaks for itself.
Price dropped below rising wedge channel, and is testing support as resistance. Rising wedges are an absolutely bearish pattern, regardless that this wedge isn’t particularly robust. So, price could continue sideways for a bit, but long term will remain bearish.
Where could the money fueling this extended Bull be coming from?
18 Dec: Massive BTC sell off begins
05 Feb: When a BTC ABC correction would have ended
02 Apr: Clear indication BTC is further dropping
15 Oct: Anomalous BTC price spike (USDT) many consider as manipulation, followed by further dropping
24 Dec: First weekday after government shutdown began.
Disclaimer: This is not financial advice, and I do not have training sufficient to give financial advice. This is a hobby, but if you enjoy the chart then leave a like and follow.
The jig is up, buy ETH over BTC this year. BTC had a truncated 5th and is only now going through its Primary cycle's Anger/Despair/Shakeout. ETH on the other hand went through its...
Disclaimer: This is not financial advice, and I do not have training sufficient to give financial advice. This is a hobby, but if you enjoy the chart then leave a like and follow. Donations are also appreciated - please message me privately for details
It's all in the charts. Now let's hunt some Bears!