It is March 15th (well it will be in an hour here) and bitcoin has been stable in the 3700s and 3800s for a while now.
What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?
What do you think? What is the lowest price you see from here on out?
As per my analysis. Bitcoin has sort of done with its great downtrend which lasted for more than an year. But this doesn't means that there are good days ahead. As per my analysis bitcoin has now become range bound. Which means it might continue to travel into a sideways trend until a big momentum arrives which pushes it upwards. As of my analysis range of $3300 to $4500 would be the new see-saw for bitcoin and once we reach either edge of this range with a high momentum it is difficult to say it will break it. I am saying this because BTC has just formed a higher low but the same hasn't been followed by a higher high but a lower high instead moreover the RSI too is stuck somewhere between 40-60 which itself is a sign of a sideways trend.