Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Price seems to be going down a bit now. But I don't think this is going to end in another flash crash. And even if we should go down as much as last night, it will only show the resilience Bitcoin has managed to gain over the past weeks!

to me it looks like a slow grind down.

We've been consolidating with higher highs since ~~Feb~~ Jan 30. Hardly a grind down.

FTFY

why would someone look at this chart and make this assumption on a less than a one month timeframe? Zoom out to one year and all I see is lower highs and lower lows with no indication for a turnaround. Even the downtrend has not been tested once...

It's not a grind down. It's flatter than I've seen it in years. This is a good thing. Our jobs as the decentral bankers is to eat volatility and for now we've eaten it.