Quote from: Huantobene on May 23, 2019, 12:56:13 PM

Current market state indicates that btc maybe moved into 2nd accumulation phase. This will possibly be the last phase before the constant uptrend, but it may long a little longer because the price is higher, and no too many buyers will be willing to buy at considerable high prices. Selling is dangerous now, buying is also dangerous as pullback may come. So maybe btc is entering some sort of equilibrium-accumulation.

Okay, that makes sense there, and I can see the reason why bitcoin has been finding it so difficult to stay on $8000, which means for this price now, investors are already finding it too high to invest in, which also interpret to me that the current market state is being driven by regular investors and not whales.

This Is why we are always having correction so that there can be an opportunity for people to still buy cheap , but it seems that at the correction price, it still becomes too expensive but I am hoping that we will have a major investor that will pick interest at the correction value and make us finally continue with our uptrend journey.