Hello Steemians
As you can see BTC just come up from its 6 month low $5800 to $6350, it hit the low 2 times in this few days.
you can see in the chart below their is formation of double bottom as marked ..
What this signs ?
After the double formation of bottom, it is stable at near about $6300 that means it gets support at this level.
some buddy selling the BTC but support not giving the chance to go more below $5800 and pumps it again to $6300
What can be the Prediction ?
Yes their can be short term bull can be seen in upcoming days and due to this support this is not going down except any bad news comes
What BitMEX co-founder Arthur Hayes Says ?
“We could definitely find a bottom in the $3,000 to $5,000 range. But we’re one positive regulatory decision away, many an ETF approved by the SEC, to climbing through $20,000 and even to $50,000 by the end of the year.”
so we are just away from ONE good news for this year to achieve all time high ATH
So Guys no need panic in this situation just hold on Short Bull run on the way..
Thank you
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