It's no secret that the current state of the crypto markets is boring for the "surface dwellers", people who bought in back in December 2017 expect price valuations of thousands per day, the reality is that Bitcoin and the Cryptocurrencies, at their core are still an asset class that has market cycles.
The popular saying " What goes up must go down" and vice-versa is true in this disruptive market as well. If you are a true believer in what bitcoin stands for now is the time to buy and hold, come the next bull run to have all of your favorite bags primed for profit!
The current state of the market is currently still in chop mode. However, on the daily chart we can obviously see that the momentum is slowing down, coming from the highs of last December. Based on the chart alone one could say that we are range bound between 6000 USD and upper 11000 USD. We have some bullish news as our favorite indicator, the Squeeze Momentum Script is indicating a steady climb back on the green as it's visible on the chart.
Stay safe out there and remember to research everything before investing!
