Quote from: Woodie on Today at 05:52:37 AM

Quote from: FiveG on August 15, 2023, 03:52:23 AM

Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly

From what am looking at... Bitcoin has lost its volatility from what it was known for , and at the moment seems to be ranging with small moves happening here & there which can easily be mistaken for bullish momentum but in reality there is bearish pressure... And looking at the monthly chart it actually suggests that we could be trading bearish until we hit a low before price reverses upwards.

It is fine that you noted one thing about the Bitcoin price volatility. Before now Bitcoin in a day can make plus $5000 or minus $5000 because of high volatility, but now for bitcoin to move from $25000 region $27000 region is a very difficult task because volatility is not high. As you have said that before we experience the bullish trend we are expecting that we are supposed to hit a low. We are already at the $25000 region, where then will be the low to the extent we will reach before the market reverses. Are you talking about $18,000 or $12,000?