Quote from: jaberwock on February 07, 2023, 09:03:05 PM

Quote from: DOH! on February 07, 2023, 02:16:02 PM

I think the 25k range will be broken soon.
How?? I think :
1. A lot of positive signals are coming back. The market has bottomed out, and the impressive January bounce represents a return of confidence (as it was in April 2019).
2. this week it looks like the correction has come in the way of finding and testing support - that way i think the selling pressure is almost nonexistent, mostly profit taking by traders.
3. Another signal of Fear & Greed Index > 54 has shown the macro confidence that bitcoin can hold in the future.

Signals can be nothing but remains to signal. Here in crypto, there are no fixed patterns that are followed here but anything works randomly. Many times people can predict for increase because this is what their signal is telling them but there are still no increase that takes place. Better if we will just calm down and not too assuming.

An increase can just happen if the time is ready. Correction has come and I think the new support that it found is $22k because it didn't drop further than that and then the price did also stayed here for a while. That was still good. It's not too low, for us to start again and the gain that we got last time is still there and not wasted.

That said, bitcoin and crypto prices can be analyzed and forecast very well using technical analysis. it is not different to stocks, bonds, commodities, etc.