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RE: Did bitcoin find a bottom?
You might be right, but i would still have a relative bullish sentiment if we would reach $6900. On the other hand, if we would drop lower than $6900-ish, then i would go into fiat and wait it out till i see some bullisch/bottom signs.
If we can stay above 8800 for next week I think we may be a trend reversing. That doesn't necessarily mean it will shoot back up, but maybe it will stop falling so fast. If it is going to act like a store of value then those things move a percent at best per day.
It's all relative... The market is so small (market cap wise), so i think the crypto market should be alot bigger before we see "just percents up or down on a day". I'm not realy fond of Bitcoin as a store of value because on a technical level, there are way better cryptos out there. Bitcoin is just the first and the most known, thats why, for now, it is the biggest (in market cap).