The trend based on the daily chart is bearish. It will be hitting the support around the 3400-3500 USD level before the end of April.
Unless the chart forms a higher high and a higher low, BTCUSD (and maybe the whole crypto market) will be bearish.
The last time that we have seen this movement was back in 2014. The market was at all time high on Dec 6, 2013 and the market corrected (or crashed) by 92% to finally reach bottom on March 1, 2014. Two years after the bitcoin halving. Market went back to all time high after 210 days.
Coincidentally, now is two years after last having (2016). I am expecting a market crash of up to 80-95%. Brace yourselves!!!
***** Remember, invest only what you can afford to lose. *****
Unless the chart forms a higher high and a higher low, BTCUSD (and maybe the whole crypto market) will be bearish.
The last time that we have seen this movement was back in 2014. The market was at all time high on Dec 6, 2013 and the market corrected (or crashed) by 92% to finally reach bottom on March 1, 2014. Two years after the bitcoin halving. Market went back to all time high after 210 days.
Coincidentally, now is two years after last having (2016). I am expecting a market crash of up to 80-95%. Brace yourselves!!!
***** Remember, invest only what you can afford to lose. *****