Bitcoin is in mini bullish trend since the beginning of this year. I shared lots of post why Bitcoin was trading in 16K USD and said to be ready for mini bullish season. I am sure that Bitcoin is ready for downtrend after mini bullish season.
There are lots of solid reasons why downtrend is coming soon. Macro-economic conditions are still bearish. I will share 3 reasons with technical analysis.
200-Week Moving Average
Wven Bitcoin is under bullish trend, price is still under 200-week moving average. We can say that we are still in bearish trend while being under 200-Week MA.
Similarity Between 69K and Now
You can see similarity between while Bitcoin price was on 69K and now. MACD Inciator may draw lower high and that makes price down...
Support Line Will be Broken Down!
Here you can see uptrend line on RSI Indicator on daily Bitcoin chart. It will be broken down in a few days later. I am sure that we will see in March!
So, You should get ready for downtrend by selling your cryptı to buy on lower price. We are still in bearish trend and Increasing the quantity of crypto is the most important to be ready for next 2025 altcoin season.
I am waiting for downtrend with cash.. We will see...
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is hard to disagree that we're still in a bear market but I think BTC still has some room to go up a little bit during this mini-bullish wave...Maybe splitting your portfolio 50/50 between crypto and fiat is a good way to go right now
Thanks for sharing...Have a good day :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think there is no longer bearish season is coming because already bitcoin was in bearish season since a very long time.. uptrend is already started and also bitcoin halving is coming and when you check the history then bitcoin has always started going up before one year of halving. So we will surely see correction but it will not heavy..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit