Since bitcoin and the cryptocurrencies markets get into bearish trend since December 16, 2017 we have seeing alot of comments and post about people and traders asking were is the bottom and should we buy and hold? I think personally, the downward trend is over when bitcoin push above $10,250 and $10,850 this morning! The bullish trend has been trigger and bitcoin is going to break the December high of $19,000 and move above that level towards $25,000 before we can see another major bearish again. What did you think?
I believe the downtrend still exists and is not over, you can see that the market is fluctuating continuously and it is hard to predict, bitcoin prices are rising continuously and adjusting at $ 8100 level. The price of altcoin is down sharply, I believe that only when the bitcoin price can pass the $ 20,000 mark, the downward trend is over.