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RE: [ Trading ] HUGE Bitcoin breakdown over the weekend, but is it over?
Barring some massive whale support, I reckon we're going down to $5700, then $4500-ish and bounce there:
https://steemit.com/cryptocurrency/@tradealert/bitcoin-dips-under-usd7000-lower-price-expected-before-the-end-of-june
PS: Chart!
I starting to believe you, Tone and Tyler. But still don't like it. :(
It might be 2014 all over again mate, just like the bull market took the price higher than what anyone expected, I think the bear market will do the same... only in reverse. We need some real pain before we can start a new cycle.
Maybe there will be enough pain if we go down to $6000 and then up. Maybe we don't have to see $1300 like the $150 in 2014. I heard that some long term holders are thinking of selling. Even I was thinking that yesterday.
Bitcoin will rise again
Yeah, who knows where the actual bottom will be, here's my take on that:
https://steemit.com/cryptocurrency/@tradealert/bitcoin-exchanges-wash-trades-and-bubble-burst