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RE: Bottom for BTC may be in -- but it may be VERY wise to use the 3 day rule before buying in.

in #bitcoin7 years ago

I was looking at the $6,000 level as support and that's proven true so far, but caution still needs to be taken as you've pointed out. It's very common for markets to retest support levels and I wouldn't be surprised to see BTC back down at $6k by the weekend. Then we'll likely see if that really was the bottom or not.

Of course crypto markets can behave strangely so maybe price will keep heading higher without a retest.

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I absolutely agree.
Thanks for the comments and hope you are following along.

I am, that's how I saw the post ;)
Looking forward to more great content.

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