Cryptopocalypse : Will Bitcoin Crash Below $2000 in July, 2017?

in #bitcoin4 years ago

What is going on with Bitcoin today?

It appears Bitcoin took another turn for the worse as it has now gotten extremely close to falling below the $2000 mark. I think its important to state that the $2000 mark is a very important one as it could trigger a very psychological and emotional effect in investors on the fence. They may have stop-loss orders at this price as well so if it does break (which it could any minute now) expect to see it trace down to it's last support lines at $1900 and $1750.

How far could Bitcoin drop?

I've heard it could go all the way down to the $1500's in a worst case scenario but I don't expect it to go any lower than $1750 as this is a level that several analysts and mega investors have publicly come out and stated would be a solid level to buy and hold.

Keep your eyes on those tickers!

For more articles follow me @ldauch

Sources:

CoinMarketCap

Sort:  

Each time it drops $100 I'm there to buy some more BTC.

Good strategy! Dollar cost averaging is going to be paying off when it hits $5000 later this year.

I would say is going to break support. Only $14 away from it atm.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by locke from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.