Bitcoin due to bounce
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
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...