Downward trend after 1/26/18 CME expiration?

[CryptoBry]

Give it a little time. It won't just shoot up automatically. We have pretty much reached the bottom at $9000, as many predicted. Good news is on the horizon - lower fees, no Korea ban are very very important.

Hopefully, when things are settled in the SoKor market, there is a big possibility that cryptocurrency market can be making some good rebound. The current sluggish situation has been brought on by many bad news and FUDs flooding the market lately...this is what will happen when people lack the confidence to give the cryptocurrency market a big go. Lack of confidence means less money coming in to the market...less liquidity. I am also hoping that soon the big Russia market can be opened and that it can be the next home for the cryptocurrency market including the Bitcoin mining sector.

[1714997703]

1714997703

[pooya87]

there is no "bear trend" to want to continue.
it is just sideways for the time being with some newbies being flushed out of the market handing over their money to the rest of us.

Just sideways? Did we not see Bitcoin lose 50% of its value from its all time high? If many of you don't believe that it is a sign that this bull run is over, then we might now be in the "denial stage" of the market cycle.

but the drop happened and ended nearly 2 weeks ago and bitcoin was consolidating until the new drama about Korea and China banning bitcoin started and there was another 20% drop which made the total of ~50%
and i didn't say bull run didn't end.

and there is this thing called "bottom" which is also known as buy support which is practically a resistance in the opposite direction. and that is at $10000 as it was proven multiple times already.

I agree, but how low is the bottom supposed to be? No one knows. Although everyone is welcome to guess by drawing all those lines in the chart and call it "analysis".

well the bottom is where the price is not going any lower from. a price when it goes near it you see a big buy up happening preventing any further drop. that is what i consider bottom, and $10k has been the price where people start buying or already have their buy orders in place.

[Wind_FURY]

well the bottom is where the price is not going any lower from. a price when it goes near it you see a big buy up happening preventing any further drop. that is what i consider bottom, and $10k has been the price where people start buying or already have their buy orders in place.

But there is always the possibility that it might go down below $10,000 right? So meaning, $10,000 is not the real bottom but something we use as a means for psychological price support. Which translates to "we do not really know anything".