Crypto bears are toying with bullish investors. They are literally sapping the moral of all wannabe crypto bulls.
Yesterday we had a rally but it was short lived and since the bitcoin price has drift down.
Indeed the bitcoin price is already returning to the Donchian Channel midline,
A break of the $3483 support line would certainly bring the price down to $3200.
I think we are at or very close to the bottom.
Possibly a little bit more downside bitcoin to come followed by stagnation.
When the right time come, i will be much more bullish on bitcoin and altcoins.
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