This is rally that Bitcoin took the previous year and the price started to jump making higher highs.
The price broke both Necklines due to FOMO of Bitcoin futures listing on CME and CBOE.
This created a hyperbolic bull run resulting to a price of $20000. After the end of event the price came back inside the trend line and has not broke both necklines since then.
This is a sign that bitcoin is continuing is organic growth which started last year.
You can see how MACD is now adjusting back to previous trend.
However the bonus point is that. Bitcoin hyperbolic price rise is again expected somewhere around mid year because of NASDAQ listing.
I'm also betting a double price rise for Bitcoin due to block halving in 2019. So even though current market looks bad but future is bright.
Tip to support my Beancash mining :)
Steem / SBD : @Shafay
BTC : 13dB8bdNwNmYdNem5KhnCGb1S9iM1ZNgZV
LTC : LcWFNjq8n1rgAkf5ZcgiHs8fcRXqb5tfxW
DOGE : D7mUH48M5SN5vi3R2p5RzWPpyypkRjeCE6