RE: Bitcoin Breaks $3600 Again - Let's Hope It Lasts!! (+ Possible Cause)
It hasn't broken any good Trendlines, nor resistances, it hasn't done any higher lower, and there is 0 signs of reversal atm... the only thing that might be an indication of a bottom is the fact that we are above the 200 weekly MA, which normally supports us until the end of the bear market, mainly during the consolidation phase... but I don't know if it will hold to be honest, the bounces are very weak... The best time to invest in crypto is after the confirmation of a reversal in the market to bull market, which is pretty easy to spot with 1 single Trendline... the trendline from all the february-until now tops, after we break that and test it again we are in a confirmed bull market and the price will go bull... last time it happened BTC pumped 40% in a matter of days, this time will probably happen again, when it happens... We got a high amount of money waiting on the sidelines from traders and investors, especially on USDT AKA tether!