After we experienced rejection from the latest upward trend and a price drop below $USD 8200 on Bitcoin we are currently trading BTC for approx $USD 8700. Major altcoins like Ethereum, Litecoin and EOS followed the downtrend still heavily connected to any BTCX price movement. This change in price was good food for most 'influencers' in the Crypto Twitter space and I usually don't give too much about it. Question for me is still:

Will the price continue his downtrend?

So it is pretty much the old bears vs bulls discussion. But I came across this tweet that was heavily discussed in the news:

First of all, please note I am not a fan of Elliot Waves, so I don't think the price he is looking at is a realistic target at all. But I do like his graphic as it shows that we are back into the downtrend. People were quite excited in the last two days after we broke this trend by moving above $USD 10k. Less than 24 hours till the halving and I am curious to see what miners will do. Some won't be able to compete if bigger miners decide to drive the price down as it is simply not profitable for them anymore. 

However, I don't feel comfortable shorting Bitcoin and I will stay with my fiat before re-entering the market. Good luck and stay safe.

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