above $9200 this week, it's an incredibly bullish sign
i don't think so since there is nothing significant about prices that are below $10k which is right now a psychological barrier more than anything else. and for all the FUD that has been going on for the past week i don't see any bullish signs unless this resistance is broken. for now everyone seems to be either accumulating or waiting for the breakout to jump in again.
I agree, the analysis that I'm saying lately is about the prices that's below $10k and speculates that if a week closes with a certain price then that's the sign of the bull run. But bitcoin doesn't go like that.
Last year, bitcoin reached far to $13k and a division of bullish trap folks and non-bullish speculators said that it's like that. And for this year, many didn't even expected that March would show a very low price base from those price comparisons and expectations analysis.
Right, and when this so called experts really thought that the price will go North, usually the opposite happen. Although we can say that analysis can help, but it is not a guarantee. Still base on people sentiments, news that sell, FUD and anything under the sun that can push the price or pull it on the other direction. Currently the price seems to be holding on $9500, and we don't know if it will continue its declines or another break out occurs and pushing the price to $10k++, we will see.
There were and will be interesting analysis that's very accurate to how they read the charts and it can't be denied. But, to the speculators, this how they see the price movements of bitcoin and also like me but I saw it isn't like that.
IMO, fundamental is still much of the base of bitcoin's value but as we say, bitcoin's attitude keeps replacing and difficult to read its true nature in terms of analysis. But, as long as we have those tech's and fund's analyses, they're also helpful how you will react and decide.
I dont really believing that much into that kind of word that talks about "accurate" because it wont really fit out into this kind of market yet we know that thousands of speculations that do float around in talks about possible price basing on technicals and yes we do know on how this market reacts when it comes to news and events neither it is attached in both or only on one side.Price is always been questionable thats what
makes this market is hard to predict but somewhat trying to look to these analysis is way more better than positioning yourself blindly without any basis.