Quote from: Kemarit on March 02, 2018, 10:02:31 AM

Quote from: irenegaming on February 27, 2018, 06:23:25 AM

over the past two days, BTC prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?

We have surpassed $11,000 already so I think it has bounce back. But as far as recovering, I don't think so. It's gonna be a long road ahead of us and the last 2 months has been pretty rough. I'm not saying that its a bad sign, but it could a indication that somewhat this could be the pattern unless some positive news that will come around to reach all-time-high and enjoy the same frenzy we see during the December madness. So it's gonna be a battle between the bulls and bears, and we all know which side we are. So let's give this market enough time and see how it pans out in the second quarter of the year.

Yeah, what can help us now in the market is some fundamentals that could help instigate a huge buying and I am not seeing that happening anytime soon, the market has looked tapped out for now, so I guess we just have to see how it ends.

We should still expect some downtrend which may stabilize at some point before we start seeing another new year for the bulls but it seems for now, the bulls are not ready in anyway.