At the moment Bitcoin is still falling. It's weekend, so nothing special. But the downtrend could easy go further. Still a lot fear in the market and no new people/money coming into the market.
That's also the main problem. If the interest in cryptocurrencies is not here, it's very hard to see a rising bitcoin.
If you see the picture below, you can see the green trendline. So we think, that bitcoin will go down to about 7000 dollars. If this trendline hold, we could see the start of a new bullrun in the end of march / beginning of april. If bitcoin break this trendline, the next support is at around 5800 dollars. This is maybe the worst case szenario, but still possible.
Keep calm and hodl. We are already extremly low, big correction. At one point, the big whales will come back into the market and buying bitcoin up. So be patient !
#bitcoin #bearmarket #hodl #bepatient
