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 believe that the bear market is continuing, you can see that bitcoin prices are constantly falling and it is hard to predict that it will continue to increase in the long run, at present bitcoin prices if you want to uptrend through the milestone $ 20000 but according to my analysis it is impossible. So you should not invest long term at this point.