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 the market is beginning to return to its bearish trend, it can be seen that bitcoin prices are constantly adjusting and fluctuating very strongly. The market is bearish in the long term so I believe that at this point you should only short-term investment to be profitable with the least risk. bitcoin prices can continue to drop at any time so you should always observe bitcoin prices when trading.