We dropped below the critical point of $7750, not just a correction...

in #bitcoin8 years ago

As I told in my previous blog, if we drop below the critical point $7750 it is possible we get as low as $5750.

Ask is low at 83 million.

below 7750.png

But as we know from the past, hopefully we will move up this evening (20:00 > Central European Time).

Tomorrow the G20
https://www.cnbc.com/2018/03/13/g20-meeting-japan-to-prevent-cryptocurrencies-for-money-laundering.html

All main coins are dropping:
https://www.worldcoinindex.com/news/ethereum-registers-a-sharp-decline-corrects-more-than-100-15in-just-24-hours

correction.png

A bitcoin price below 8k could spell a disaster for bitcoin miners:

https://news.bitcoin.com/btc-prices-below-8k-could-spell-disaster-for-bitcoin-minersbtc-prices-below-8k-could-spell-disaster-for-bitcoin-miners/

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