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RE: Bitcoin likely to pullback soon, be ready to buy the dip!

in #bitcoin5 years ago

Totally agree with you here. Growth above the $6K level haven't been über convincing and daily chart is showing divergences confirmed by not only 1, but 3 strong indicators (RSI, MACD and MOMENTUM). And to add 4th - last 2,5 weeks price has been growing, but volume has been dropping - almost never a good sign... but nothing's impossible on the crypto world and it just might take a breath and then shoot up again; We've all seen it before

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Correct. That $10k number may be too much of a magnate in the short term. We shall see. Either way, I think we likely dip to $6k/$7k in the near future.

Pullback has arrived.

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