Post
Topic
Board Speculation
Re: How you know Bitcoin bearish or bullish trend ?
by
Ridwan Fauzi
on 25/05/2018, 06:37:14 UTC
Yes, Bitcoin is going down actually, so it's bearish. I hope it doesn't last long.

I also hope it will start recover from 7500$ zone

Well i think there's a middle ground to it since there will be times when the price will be fluctuating a little less around a certain price. Like when it was up AND down around 8.5k. It's neither bullish nor bearish. And bulls or bears doesn't really take hold of the market for a very long time.
Bitcoin seems to have a downtrend if you see the chart, but if bitcoin price have to increase just will touch $8000 and then will fall back, you can see the chart in this week. There is a lot of bounce to the fall in prices that happened as yesterday. That is just my prediction, we cannot sure it will happen or not.