Quote from: autumnleaf on January 14, 2023, 08:56:24 AM

Quote from: raybucks on January 14, 2023, 06:52:03 AM

This is the chart that the OP has posted for viewing.

I'm still a novice in this field of analysis, but if you want my opinion, I'd say it's too soon to recognized the bottom of the BTC price. Although recent positive news about Bitcoin has caused the green line to appear, there are still a lot of things that could happen in the coming days or week.

I might not be an expert but that does not really tell that I don't know the happenings around me since over one year I have been actively involved in the crypto-currency market. I think this is not time for joy yet we should not rejoice and people that want to buy should not give up.

This is not the expected bull run, this is one of the in-between bullruns that were supposed to happen between last cycle and now. But due to the fact that there was excessive bear market, the market moved from bear to another bear and made in-between bulls to be defeated and now when we are seeing the bull.

There is no strong resistance that is found at 20,000 dollars yet therefore the market could still fall but not below 15,000 dollars.