2018-8-7 21:30 |
Bitcoin (BTC) is not starting a new cycle before it falls down to $5,800 again. In order for Bitcoin (BTC) to begin a new cycle, it has to find a bottom first. So far, the price has marked lower highs and lower lows since the beginning of this correction as can be seen on the daily chart for BTC/USD above.
If Bitcoin (BTC) had already found a bottom, then it would have been possible to break the downtrend at this stage and start a new cycle.
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