Long Term I continue to be bullish and would love to see BTC move higher, but short term I am a little worried about the price action. To me, it looks like BTC is forming a bearish descending triangle pattern.
I think BTC needs to break above the upper trend line pretty soon (next day or so) or I will become more bearish. But if BTC does drop I will continue to believe in its long-term value and will continue to be a buyer.
I think BTC needs to break above the upper trend line pretty soon (next day or so) or I will become more bearish. But if BTC does drop I will continue to believe in its long-term value and will continue to be a buyer.