We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
I think the dropping of the bitcoin price is not a down trend it is maybe a short correction, look at the price and the movement or volume in the market. We can really say that the bitcoin has a big chance to rise before the end of this year. And I think if the price drop down below 20k$ that time we can maybe say that we are in a down trend situation but for now I think we are still in the bullish season.
Another reason why this is not really a downtrend has to do with the speed at which everything happened, if we saw the price dropping for weeks until we reached the current level then we could say that we are in a downtrend, but since the price went down so quickly then this was nothing but a correction, since then the price has remained more or less static without moving too much, and while some people are getting exasperated by this at least to me this is a good sign that a bull market at the end of the year is inevitable.