The BTC daily chart is looking much better since the spike low on Feb 6th. It has printed consecutive green bars and it appears to be heading to the upper trend line which may provide resistance.
You can also see the spike in volume as very large buyers are taking positions. My guess is that many of them believe that Feb 6th was the bottom of the downtrend and the low for 2018.
The low price for 2015, 2016 and 2017 was in December. In 2018, it may be February...
Here is a 4 hour chart with my speculation that it will reach the upper trend line, retreat back to the 10K support level and rebound back to the upper trend line. (This is common with assets)
But the question is if it actually breaks through??? If so, BTC should continue it's bullish run off of the bottom.
The daily line chart with BTC in Red, ETH in Blue, Dash in Green and LTC in Orange. They are all pretty much trading together...
Here is the mempool which is the BTC unconfirmed transactions. Quite a drop since December.
The average BTC transaction fee has dropped to $3, time to move those BTC's!
BTC dominance is at 35%, ETH at 19% and the 'alts' at 22%. It's interesting to see that while BTC was on a decline in Dec, the Alts were on the uptrend. One year ago, BTC had 85% market dominance.
HodL!
Thanks for detailed information, for me it also gives the thought that the btc has his lowest point. But surprises will always be there, nevertheless, we sure HODL and my predictions is by the end of April we teach $20K again for the BTC.
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I'm pretty confident that the price will appreciate into 2018, it is hard to tell when it will reach and surpass the ATH...
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hey...your post so good.thanks.for.sharing...
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Lets hope that this bullish behaviour continues. I am sick of seeing crypto in the red.
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I think we have seen the bottom with BTC, we shall see
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Hodl and win. Hard to predict the short term.
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