Bitcoin Trend / Between The Bull & The Bear / Needed Correction, Uptrend Still Intact
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Bitcoin dropping over $500 ..
Needed Correction, Uptrend Still Intact!
Bear Scenario:
After the recent $500 sell off bears may play their cards and shake more weak hands out. At the moment a drop to the $2000 range looks unlikely but could happen if bulls are exhausted or sitting out for lower levels. At press time bitcoin’s price is moving sideways just above the $2300 range.
Bull Scenario:
Bitcoin’s price has consolidated, and buyers can take the reigns once again. If resistance is broken above $2500 in the short term, then we could very well see some benchmark prices again. Markets are still very bullish, and volume is at unprecedented levels causing a few exchanges to lag over the past two weeks.
What do you think about the price of bitcoin :
_Needed Correction, Uptrend Still Intact ? ( this is my option)
_Drop to $2200 or less ?
_Continue to rise to higher levels ?
Full Article
--> https://news.bitcoin.com/bitcoin-price-falls-sharply/
Every comment, every up vote, every bit of support is really appreciated.
Thanks For Reading,
Samer
I will continue to buy, these corrections will be the norm I think going forward. Bull markets always attempt to buck off the most riders!
I agree with you
Thanks for comment
Followed
Good analysis. I also prefer your scenario "_Needed Correction, Uptrend Still Intact". We will see higher levels in a few weeks. A period of sideward oscillation is very good to build a strong bottom.
Well Said
Correction is really needed for building strong bottom
Thank uou for support