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RE: Bitcoin Technical Analysis: Bears Take Control
Same old story SEC rejects or delays ETF and bitcoin goes down. I agree only a matter of time before it is approved. I also agree that institutional investors want to buy as low as possible. I've read around 3500 would be the bottom.
I believe we've had a triple bottom at around 5700 so if it goes there a fourth time does it mean bombs away to the downside is a guarantee?
I doubt $5700 will break. But anything is possible in crypto.
You’re right about that 👍
Nothing is a guarantee. That said, if price does break the prior low, there’s a very real possibility it drops to at least $5,000. But again...nothing in the market is guaranteed.