If we forget about short timeframe charts and focus on the daily Bitcoin chart we can clearly see downtrend has been losing strength in the past weeks and days. The big players have been distributing their assets getting benefits and volumes have been decreasing.
We are about to touch bottom but the main difference between today and mid last year is this time, institutional big money will join the party creating a much steep bull run.
As there is a huge correlation between Bitcoin and the rest of coins, most of the top ones will follow immediately.
Today, we are on a much better position as there are plenty of cryto exchanges offering ways to buy compared to a year ago. Media has spread crypto news and almost everybody has heard about crypto today, while a year from now, many people didn't even know what you where talking about.
My personal opinion is: Forget about short term and thing long.
You are viewing a single comment's thread from: