Bitcoin Support Levels, Nov 2018
Dear friends, now that bitcoin has dropped noticeably below $6000, it is time to look at the chart in search of lower support levels that might prove to be the ultimate lows in future.
The first such support level is around $5000 - the level of the Sep 2017 high. Unfortunately, bitcoin is very likely to keep dropping until that level.
$5000 might turn out to be the low, and bitcoin might bounce from that level. However, if it doesn't, the next support level is at around $3000. That level was tested a couple of times: summer 2017 high and Sept 2017 low.
On the bright side, whichever support level bitcoin falls to, it will surely rise up from the ashes, probably over the next several months.
What do you guys think? Share your ideas in the comments, and I will be glad to upvote.
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