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RE: BTC Prediction for June 2018, Questions and Answers
I believe we are trading at around 5'000. The current bounce doesn't look strong at all. To give the mass confidence that we bounce we need to see s.th. like going up 1'000 in one day with significant volume and some follow up on this including successful backtest of the break-out area. I mean the uncertainty which comes with "where are we in July" shows it perfectly. After a bounce the majority needs to be certain it was a bounce otherwise a continuation of current bear trend is much more likely in my opinion.