At first i will clarify that i am a believer in bitcoin. I don´t think bitcoin will die or anything people outside say about it.
In my opinion bitcoin is still in a bearish trend and we see a bullish reaction of the last days/weeks. All the way down we saw this and i think it is just the same. This bullish reaction is limited to the price area of 4.5/4.6k. I expect a range mode for a few days (maybe weeks) between 4k and 3.1k and then a strong and brutal bearish move to new yearly lows.
This isn´t an investment advice, i just wanna publish and share my thoughts about bitcoin.
In my opinion bitcoin is still in a bearish trend and we see a bullish reaction of the last days/weeks. All the way down we saw this and i think it is just the same. This bullish reaction is limited to the price area of 4.5/4.6k. I expect a range mode for a few days (maybe weeks) between 4k and 3.1k and then a strong and brutal bearish move to new yearly lows.
This isn´t an investment advice, i just wanna publish and share my thoughts about bitcoin.