Bitcoin, Might not yet be at the bottom

in bitcoin •  7 years ago 

We might not be at the bottom of the correction just yet. Market sentiment seems to indicate that the correction may still continue

The extreme pump on the 15th has begun to form the shape of a correction, If we don't get another impulse upwards soon this correction could be taking the form of a double zigzag. If the zigzag is symmetric in nature this downwards movement could be continuing until early October before we can expect the prior uptrend to continue, hopefully bringing us above the 6k mark maybe even hitting the 10K

The following needs to happen for me to think that the new uptrend has started, otherwise sub 3K is very possible in the coming weeks

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