Time for BTC to settle down
Updated
Been a while since it was going low... and before that it went up in a hurry. With recent downtrend and super low volume, it seems BTC is settling down. I know a lot of predictions are about BTC going to sub 5k and 4k however the fact that it's not going below 6500 for a while now along with ever so low volume indicates that the correction is almost over... not really a TA however it's based on market sentiment. This low volume suggests that buyers don't want to get into this trade for now as BTC is already predicted to go down. Sellers are also not ready to sell is any lower coz they are already in big loss over the last few months and thus they are now HODLing and waiting for a reversal. Perfect time for BTC to now settle down here for a while and then make a next move... I guess next couple of weeks or may be a month is gonna be boring from BTC perspective!!
Note
So things changed in a flash. 14 days straight nothing happened and then it spiked and spike over 12% in 30 mins while half the world was asleep (well that's gonna be true all the time)!! And things started moving again, as I said earlier, its just a guess that we are going to see the boring days ahead - which was wrong. However as I was predicting, we were at the bottom already and we moved up - I was correct there at least.
To be true, no one except for the people who bullied it knew the potential of those 20-30 mins. Now that things are moving, it does look like we spiked too fast so I expect a correction and retrace to a mid level and then upward trend should resume again... Let's see.
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