The quiet before the storm is here. Im not sure how much longer this sideways price action can go. A big move is coming. I still think we have a good dump coming taking us to $3000 before the next bull run. Whats your prediction?
Disclaimer: Im Hodling
The side way price movement has last for long and we expect that the bullish trend will soon resume. I think thing are in bullish directions except something very bad happened to the market before we can talk of bearish trend.
Whichever trend we will resume from here is actually something hard to speculate. We have seen the market in a sideways movement for a while now, and the chances of seeing a break out soon as the triangle keeps closing up and hopefully, we will get to see a breakout upwards which is not actually something guaranteed yet coupled with the fact that in a market when things are like this, break out can be in either ways, so the best thing to do is to just wait it out and let's see who ends up winning this fight, and even though the bulls have been making some statement lately, we still have some direction to face before knowing any possibility.