Yea, we need a big move up to break this downtrend, so far every move up hasn't broken it. It gets to the top of the descending channel and then gets beat back down to lower lows.
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Yea, we need a big move up to break this downtrend, so far every move up hasn't broken it. It gets to the top of the descending channel and then gets beat back down to lower lows.
I'm still waiting for mid-January... if the trend stays same, something should happen around that time... Some people would call this waiting period the Halcyon Days... the time big changes never happen...
Historical patterns would indicate we get a run up sometime between now and the halving, then a decent sized correction, followed by the euphoric bull run that takes prices well beyond previous highs.
I still think we don't have enough historical data to make accurate predictions about Bitcoin. There will be bigger and bigger changes in value of Bitcoin, but estimating how big is just guessing wild.