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RE: $6700 broken! next stop under $5000
Don't let them shake you out with this fake drop. All the big money is accumulating BTC here. We are much closer to the bottom than the top and likely will be back above $10k very soon.
We will see 10K again only after making a new low. Maybe that low is $5600 and I’m
Wrong about it going lower
But it 100% needs to make a new low for 2018 before hitting anywhere near new highs or past last rejection point at $9900
I sold 95% of my bitcoin above $16,000
I’m not getting shaken out
Well, don't miss your chance to reinvest down here. There is a VERY high probability of BTC hitting new all time highs down the road.
It will not be above 10K until it bottoms lower and makes a new 2018 low. The rejection was clear
Look at the chart
For last 12 months
Keeps following same pattern in this bear market . Lower highs and lower lows. Let me be clear I’m not saying long term bitcoin is done! I’m simply talking short to mid term
This consolidation period has about run its course. You might get it a little cheaper here but in the big picture these levels represent a nice value entry. The selling has been "rejected" as much as the buying has. $6k to 7k range is pretty solid base forming. Getting much below that is hopeful thinking, but unlikely. All the best!