If the flat phase happens this summer a bull market is likely at the end of 2018 and early 2019, and if big fundamental changes happen in the crypto-space (that could fasten crypto-adoption for example: fiat pairs on major exchanges and the removal of Bitcoin pairs, fiat gateways through tokenization, crypto-exchanges for tokenized traditional assets etc...) a...
So, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst , we have to keep in mind a couple of things before entering trades: What drives a bubble burst is market-psychology and an alternance between hope and fear : an alternance between FUD and...
Here is a very brief analysis of the bubble burst. We can see we're in the third wave downward which in theory is supposed to be the last one and should hit a lower bottom than the previous one.
Bitcoin in heavy downtrend, rebound could be around 5k8 or 4k8