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?
You can see that after several days of strong recovery, this time bitcoin prices have continued to decline, the market continues to fall deeper and atlcoin is creating a new bottom. Therefore, I believe that at this time you should limit trading, bear market has continued to return, current bitcoin prices are adjusted at $ 7700 level and will be able to continue to drop further if the mold this is broken.
It's stable at that price now, there is nothing to worry, I guess the next action would be uptrend.
We were able to hold this long, we deserve a real bull run and I believe its juts around the corner, as long as we hold, we still have a chance.