So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.
Please people you have to understand the market cycle. You can look this as a good sign because the price of BTC didnt when up rapidly. This kind of pattern shown that BTC is not a merely bubble coin. The technical explanation of this are the Resistance line was already reach by thats why it will go back to Support line.
I hope that we are on the sideways trend because if not it go back to 6,500 USD support line. Or worst break the Support Line 1 and go for Support Line 2 which is 5,500 USD