Wow, what is going on lol...
Either this has been a massive bear trap and the bull run resumes upward from here, or this is a bull trap coming.
Flip a coin and take your pick.
(Personally I don't think the downtrend is finished though)Yep!!!
Flip a coin. That is be call Koreck!!
There has been pretty intense trade volume over the past couple of weeks in which this dumping has been going on, and surely bears could be running out of coins to dump at those low $2,400 prices.... and seemingly unsuccessful in achieving a third leg down from $2,980?
Maybe the bears can regroup and try again, but if we get into the $2,700s then the bears are going to have difficulties reversing this train... Agree? .. so maybe currently, around $2,700 and below is the area to watch for a possible reversal?