Bitcoin - Well this is not looking good

in #bitcoin8 years ago

Prices breaking the wedge/triangle to the downside.

At this point the only hope is that prices shoot back in, and it was just a bear trap.

However, if they do not rebound rather quickly we are likely headed a lot lower.

Looking at the chart, I am thinking $4k area.

Yikes.

Sort:  

Me thinks we need a BTC rally. This downside business sucks 😩🤑😩

Agreed.

It's possible, sentiment is still bad, lets see if the $6000 holds first.

That is a key level as well. Prices holding up here as well thus far. We really need prices to shoot back up above $7k... above $7300 and it will be a bear trap.

Coin Marketplace

STEEM 0.04
TRX 0.32
JST 0.078
BTC 63982.50
ETH 1670.37
USDT 1.00
SBD 0.41