CHART 2016 VS 2019

[AakZaki]

Bitcoin may dump in the short run but in the bigger time frame it will rise high and broke its previous records. The problem is that when bitcoin prices start to fall, people become disappointed and never look at the big picture. The bitcoin prices cannot straight go up, there will be a lot of pump and dump in between.

yeah right pump and dump will always be there to accompany the Bitcoin journey, as I made the screenshot below. there appear to be two red zones that I made, I limit the first in the red zone as a sign of a price rebound or even being skipped. if passed it's likely that the price of Bitcoin will fall in the second red zone area.

[gantez]

$8300- $8400 has been skipped, it looks like this decline will continue around $7500- $7700.  because I see from a number of indicators it still shows a falling trend.  and if you go up it might still be waiting at the beginning of the year  and I don't think there's good news about bitcoin right now.

The trend is actually bear also in my view but how long it will stay is what should be determined. So going in now on bear is risky with the end of year that has much activities and nobody knows what can push the market. Therefore, staying outside should be the best for someone outside already.