Yesterday I posted this article on how the Bear Market was about over: https://steemit.com/bitcoin/@embomb701/bitcoin-offically-over-sold-i-think-the-bear-run-coming-to-an-end-read-here-for-anti-fud-hodler
Today Bitcoin has shown some upward progress, nothing great but hopefully some HODLers are feeling a bit of relief. I could be wrong but it looks like we have seen the worst of it, barring some more media FUD (not much left for them to attack Bitcoin with), the DIP was Bought and prices have come up to post November/December run up prices. In my opinion we will hang out around here for a while before confidence comes back to the market enough for another Bull Run. I want to see above 10,500 before we are officially out of the woods but at least at this price maybe some of the fear will start to dissipate. People are funny, Bitcoin is still up about 1,000% since last year, this dip was only down 67% from the Crazy ATH we had, that run up was great but it was too fast. Check this article I wrote 2 months age (About December 6th). https://steemit.com/bitcoin/@embomb701/bitcoin-correction-imminent. I was calling for a Bitcoin correction because we had gone so high over the Relative Strength Index (RSI), and if you see how High and how Long we went over that RSI it makes sense that we had to come back down. And since we went so high over for so long, it corrected super hard. Just yesterday Bitcoin was over sold and within 1 day we shot up, for me this is a great sign.
Let me know what you think, comments are welcome and ReSteems are appreciated.