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?
In my opinion, the bearish trend is over when the bitcoin reaches $6k. I believe that Bitcoin will never return to $6k, right now the trend is up. Wait until the bitcoin reaches $50k by the end of the year, which is the start of a new downtrend