Quote from: Theb on September 19, 2018, 08:28:38 PM

Quote from: zazarb on September 19, 2018, 11:54:48 AM

I don't agree with any of you, Because we can not say that we are still in bear market anymore. We reach lowest limit (floor) before almoust two months if i remember corectly, when the price reached about $ 5,800, and after that price never fell below that mark.Of course I also do not think that it has now begun Bull market , because price just fluctuates between 6000$ and 7000$.

I am with zazarb with this one BTC is neither Bearish or Bullish as it is in fact consolidating in this levels, and every time there is a price rally it will correct back to these levels around the 6,000$ area and every time it do so it will repeat the cycle of this price rallies. Another thing to note at is the price consolidation is getting narrower meaning its price range is getting smaller which is signaling for either a breakdown or break out in the near future.

This is what I believe we might be seeing with bitcoin at the moment, and maybe the altcoins will end up being able to have some push during the consolidation. Before we can even start thinking of any possibility when it comes to bullishness, I would say we close above $7000 weekly and in that case, we might just hope for some good days to the upper side in some days ahead.

After all, it is even though the market is still trying to move pretty good in the short term, it still does not guarantee anything much. Because only a new ATH will confirm the persistence of bull's dominance. Without that, I am not ready to enjoy these time-being short-living bull's actions.