I wouldn't say that I'm 100% bullish, but I can imagine that the end of correction is near.
In my opinion, there is a good possibility for a final dip to 8.75k$, however, I imagine that BTC bounces back slowly if this value is reached by following the bullish trend line.
If this is not the case, then this may be a sign for a mid-term bear market. I don't think this is very likely due to heavy influx of new users from all over the world, whenever the exchanges allow new registrations.
let's see how BTC behaves this week !
All the best, and don't get crazy because of this corrections. Always think that corrections are good for the future: It is a price discovery for lower limits, which gives stability for the future.
PS: Never forget, these are my thoughts/analyses, do your own research!
In my opinion, there is a good possibility for a final dip to 8.75k$, however, I imagine that BTC bounces back slowly if this value is reached by following the bullish trend line.
If this is not the case, then this may be a sign for a mid-term bear market. I don't think this is very likely due to heavy influx of new users from all over the world, whenever the exchanges allow new registrations.
let's see how BTC behaves this week !
All the best, and don't get crazy because of this corrections. Always think that corrections are good for the future: It is a price discovery for lower limits, which gives stability for the future.
PS: Never forget, these are my thoughts/analyses, do your own research!
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