Possible BTC Drop-Down to 3000 USD
If I'm correct than it takes about 2 days to fall around 3000 USD, but there is always change to go grow.
Here is my few thoughts:
- If everyone are holding BTC it can't raise unless more are bought (it also means someone has to sell) - We need Volume to grow
- I see much panic in the air but it's good because after such rapid growth it's normal - It took only about 2 weeks to get ATH 4400 $, It's not healthy
- If people are panic and selling to get their profit out
- Media causes "alarms" - like BTC is falling down to bottom or so...
- Media "alarms" - BTC will raise ATH and put some numbers like 5000 USD or so - usually people will buy more or just hold
- Usually after huge growth there is storm coming what sorts ''weak'' out
- Good thing is that after falling there will be growth, this time much bigger one
Let's give a little look on a chart:
Comparing chart 12 June 2017 - 15 June 2017 exact time we'll see it's pretty same what's happening there. I think BTC starts rapidly falling 17 August 2017 and falls until 18 August, Start point may be around 4150-4170, It could make a little brake at 3600 - 3700 and then falling to 3000 - 3100.
https://www.tradingview.com/chart/BTCUSD/60dcd026-BTC-potential-3000-USD/
Those are my little thoughts about Bitcoin wave, at this moment.