You are viewing a single comment's thread from:
RE: $6700 broken! next stop under $5000
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!