Bitcoin due to bounce

in GEMS4 years ago

After the sell off this morning, bitcoin is due for a bounce

Bitcoin just recently fell to about $8,800 which was likely driven by the possible Satoshi Wallet movement, the news out of Russia, and/or the weakness in the US stock market.

Or it was some combination of all of the above.

Check it out:

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

The only question will be whether this is just a bounce or the bottom of a pullback before ultimately making new short term highs.

Which do you think it will be?

My personal thought is that we are just going to bounce for a bit here before heading back down to make lower lows.

With my overall projected target down around $7,600.

Stay informed my friends.

-Doc

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Will depend on the capital markets too. The FED is going crazy, we can see a huge BTC run soon.

Yes that is true, though I think they are due for a pullback in the medium term. Same with btc...

you are right about temp bounce and then settling lower. my assessment is similar we should see BTC settle down around $6000 in next couple of months

I say we go down close to $̉6400 and then bounce up past the moon...

Directly to the moon ;-)

Like they say in Monopoly, do not pass Moon, go straight to Alpha Centauri...

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