BTC/USD - End of bearish market?
There is many people arguing why BTC and the whole crypto market might be starting a new Bull market. However, one of the most basic lessons to bear in mind while investings is not to bet against the current trend.
While it is true that there are bullish patterns and reasons to believe in an upwards trend reversal, BTC and most of the crypto find themselves in a long term downwards trend. Therefore, we must be very careful when buying with a medium term perspective since this trend might not be over.
The resistance at $6000 can be the breaking point of this bearish trend. If it is broken and doesn´t perform a false breakout, it might be the perfect sign for a start of the next bullish market.
The Copilot
While it is true that there are bullish patterns and reasons to believe in an upwards trend reversal, BTC and most of the crypto find themselves in a long term downwards trend. Therefore, we must be very careful when buying with a medium term perspective since this trend might not be over.
The resistance at $6000 can be the breaking point of this bearish trend. If it is broken and doesn´t perform a false breakout, it might be the perfect sign for a start of the next bullish market.
The Copilot
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