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RE: [ Trading ] HUGE Bitcoin breakdown over the weekend, but is it over?
Market sentiment is very low now. So do we follow the bear herd down?
Market sentiment is very low now. So do we follow the bear herd down?
I am moving some crypto into USD. I am waiting for things to cool down and I would like to see it Tone and Tyler is correct with their $4975 prediction.
Bitcoin still has alot of major support levels that need to be broken before we think about the $4,975 region. $6,410 is the next major region that price could reach, the previous time price reached this level was also after a sharp bearish move and we then witnessed a strong bullish bounce off this level. If price doesn't find support before it fall below $6,000, Tylers prediction could be met.
Thank you for your input @stevewakeham. What is your longer term view of the Bitcoin price? Are bullish or bearish?
Long term I am still very bullish. Once price finds the bottom of this bearish run i believe we will see price regain value and creep towards new highs at the end of the year.
I trust we will find a bottom soon. Have you seen Haejin Lee's alternative view? Re-posted it today.
I think so too.
yap this is correct decision.
I think it's a good idea for the time being. But if the prediction is correct, then there's going to be a lot of trouble in the crypto market
There will be trouble, but crypto will not die. It is here to stay. Bitcoin has been here before like 2014, but came out stronger.
It is all doom and gloom
I consent with you, I just hope it won't take so long to gain back it's value
btc has proven itself time and time again.
Sounds like a smart move.