I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .
Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.
first things first, you say you want to buy bitcoin to invest in altcoins. then if you are really good at making profit from altcoins, you should not care about what current bitcoin price is because the profit that you can make from altcoins on a daily basis is a LOT higher than the possibly drop that bitcoin may or may not have.
i say the chances of seeing any kind of major drop is much smaller now and will shrink each time it goes down to test the bottom support ($9k range) and comes back up again failing to drop more.
as you can see for the past week or so the trend has been stability and going sideways more than anything else.