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?
Yes, you can see that bitcoin prices continue to fall to the $ 6000 level and are adjusting around this zone, you can see that the market is fluctuating continuously and bitcoin prices will likely continue to fall sharply in the next day . So I do not think that this time you should only invest in the short term, the market has returned to its down cycle.