Bitcoin #BTC closes a green monthly candle for August with a gain of 24.8%, and nearly two August-July candles have filled up the two red candles from May-June before that.
At the moment, there are two camps in the market: many people believe the bottom has been successfully formed and the market has moved into an uptrend... On the other side, they say this is a bull trap and the downtrend will continue.
#BTC is currently at a 50/50 price level. When there is a strong weekly closing candle that clearly breaks through the 83k$ region, then the downtrend may be considered to be over—but it won't mean an immediate rise; there will still be many normal correction waves of 2–30%. And this season will be a rare time when BTC forms a bottom without a long wick candle upward.
If it still hasn't surpassed the 83k$ region, then it's hard to say that the downtrend has ended.
As for myself, I’m not doing anything—I’m just watching the market to see what happens to the price over the next few months. Also, if there is a licensed exchange, trading will feel more secure.
Brothers—are you Bull or still Bear? Share your thoughts :D.
Note: All sharing is personal opinion and not investment advice. Everyone is responsible for their own buying and selling decisions.
#Crypto #Blockchain #Bitcoin #BTC #Ethereum #ETH
At the moment, there are two camps in the market: many people believe the bottom has been successfully formed and the market has moved into an uptrend... On the other side, they say this is a bull trap and the downtrend will continue.
#BTC is currently at a 50/50 price level. When there is a strong weekly closing candle that clearly breaks through the 83k$ region, then the downtrend may be considered to be over—but it won't mean an immediate rise; there will still be many normal correction waves of 2–30%. And this season will be a rare time when BTC forms a bottom without a long wick candle upward.
If it still hasn't surpassed the 83k$ region, then it's hard to say that the downtrend has ended.
As for myself, I’m not doing anything—I’m just watching the market to see what happens to the price over the next few months. Also, if there is a licensed exchange, trading will feel more secure.
Brothers—are you Bull or still Bear? Share your thoughts :D.
Note: All sharing is personal opinion and not investment advice. Everyone is responsible for their own buying and selling decisions.
#Crypto #Blockchain #Bitcoin #BTC #Ethereum #ETH
