Bitcoin price and where do we go from here

As an introduction to Steem, I'm going to write about Bitcoin, the market and where do we go from here.

Of course, nobody knows. But we can share our observations and discuss and that's what I will do here.

Bitcoin has fallen quite harshly from it's all-time high in December and experienced a higher low on high time frames.
This is a good sign for hodlers that want Bitcoin to stay above a certain price and thus protect their investment.

However, the market doesn't care about the feelings of hodlers. So we're back in a critical zone where bulls need to fight to break free from the old all-time high price range.

Are we going for that now, or do we need a bigger sell-off before hand?

This chart was made using the fib fans and some critical reversal points. What you see is pretty clear, a rally must come before we break down and lose all this momentum.

I would recommend experienced traders to try a small margin position in this area, either long or short because anything can happen, but it will happen fast and a lot of volume will come from the following move.

Follow me on this captivating story. I will share my charts and some of my peers so we have arguments from multiple point of view.

My charts: https://www.tradingview.com/u/nextpulse/
Margin trading available here: https://www.bitmex.com/register/fGPv62
Tip jar:
BTC 3F6iG2ddjvHLmsodRmf16KJCo74okYivM5
LTC LRJMdocgNRLH8bQP36Ukk8gggjVcCJNbXo
ZEN znWxVdNiDsJtR6JEH4TjjbphU7LMuEmNzGw