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RE: Bitcoin price at $3,766 right now
Looking at the charts, we are now trying for the 4th time to break the $3800 region exactly like we had in $6200 (but with less up and downs). Right now I expect that we break that area, close above this level and go straight to $3400-3500. Some relief will happen, maybe a retest of $3800 or $4200, and a huge fall to $3200.
I cannot say that $3200 is the bottom, but it's a area of supply for BTC , it's responsible to think that this is the bottom. All can happen in BTC , maybe we break this region and test the $2000 area, but that would be extremely bad for miners, because this prices wouln't be profitable for then.
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