Though Bitcoin price fluctuations will not end but I hope its price will remain strong in a price zone like 10-12K USD, or 20-25K USD with the time! Nothing can stop BTC's price fluctuation, as it is a decentralized asset! So, we just can desire to see Bitcoin at a higher price!
Everyones talking about these 200day moving averages etc. but it seems like we're slicing through them like butter recently. The middle bband on the weekly chart is all I'm looking at. Historically when we pierce below this line we're in bear-market mode and have a real hard time breaking above it. This looks to be no different. There was an attempt at breaking above it on our pump to 10.5k but we can safely say that was rejected quite heavily.
I don't want to sound all doom and gloom but I can see that middle bband acting as resistance for the foreseeable future. Best case scenario we paint an ascending triangle pattern with a break of the bband around Jan 2020, similar to our 3k recovery.