BTC has possibly ended its endless diarrhea cycle to 6k, holding its longterm trendline from 2017 before the euphoria kicked in.
This correction has shaken the greedy investors and the maniacs who bought at 20k (it happens, but seriously don't be greedy). THe 4 hour candles show signs of strong reversal. That being said it, could go much lower there is a bear trigger: China REAL ban of cryptocurrencies or if TETHER turns out to be a scam and has been artificially inflating btc prices by essentially "printing" coins (i find this unlikely but still possible). It could reach even lower.
However I think investor sentiment is slowly changing, money seems to be flowing back into the market for now. I will keep this idea update asits still very volatile
This correction has shaken the greedy investors and the maniacs who bought at 20k (it happens, but seriously don't be greedy). THe 4 hour candles show signs of strong reversal. That being said it, could go much lower there is a bear trigger: China REAL ban of cryptocurrencies or if TETHER turns out to be a scam and has been artificially inflating btc prices by essentially "printing" coins (i find this unlikely but still possible). It could reach even lower.
However I think investor sentiment is slowly changing, money seems to be flowing back into the market for now. I will keep this idea update asits still very volatile