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 do not think the down trend is over. Because everything related to money goes down. The world economy is experiencing major problems and the altcoisn can not grow, which is evident and traders have to accept this.
We need to understand the market situation before making negative judgments that affect others.