RE: Bitcoin Currently Sits at Its Lower Bound of Its Long Term Trend Which Should Likely Hold...

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Bitcoin Currently Sits at Its Lower Bound of Its Long Term Trend Which Should Likely Hold...

in bitcoin •  5 years ago  (edited)

Market manipulators might flash drop it to fish for leveraged positions on exchanges but it would be hard to close it below that trend line. If it does, it would mean a break of the trend that hasn't happened in over 8 years. This is not impossible and the sample size of data is not large. If it happens it would signal a repudiation of the asset in a seriously fundamental way.

bitcoin
5 years ago by

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