Every time Bitcoin formed a price base in the past, a rise in price followed.
It has done this about 5-6 times before, most of the time after big bubbles.
Most importantly after the last 3 bubbles it has formed such a baseline with low volatility before rallying into the next bubble.
There are many that believe bitcoin is going down further.
In particular, there are a few analysts that I really respect such as woobull.com and Tone Vays, that believe the price will go down further, while being overall Bitcoin bulls.
One particular Indicator by Willy Woo is very convincing ( http://charts.woobull.com/bitcoin-nvt-ratio/ ):
Yet
Bitcoin has never formed a strong base like right now with low volatiltiy and crashed afterward.
What do you think? Were you aware of this?
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