Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks, please feel free to to give your opinions.
Well, one thing for sure is that we are still in a bear trend since we have still formed a lower high and a lower low already on the longer time frame and the possibility of still seeing a pull back at some huge resistance is going to somewhat end up playing out. Now, it is either we form a lower low at $8500 or a double top at $10k region. The only time this can change a little bit is when we get to see bitcoin hit past that above with a very good volume and that should likely be when we can simply state the obvious to the upper side, but for now, nothing is certain.