Low volume, weakness on a key support level, overall market dullness after a downtrend and a huge descending triangle on the daily chart all indicate that we may see Bitcoin drop further in the following days. Although a short term upwards move to 7000-7500$ cannot be ruled out. Best course of action is to wait for a valid breakout in either direction, then trade...
Bitcoin almost exclusively moves parabolically with higher highs and higher lows. The tops of each bubble are very hard to predict, but the lows are usually a little bit above the previous high. The 2013 bubble started from around 130$ with a top at around 1200$, then price fell to low of around 170$, the we had the peak of around 20,000$. It is likely that the...
