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RE: Bitcoin analysis Danger of continuing of correction still exists (#22)
This is a similar situation to the China ban a few months ago. But, the market is a little more unstable now with more casual investors that might get frightened easily. I could imagine some of these new adopters cashing out with what little gains they have enjoyed. It could be a slower recovery this time.
Corrections and slow recoveries aren't necessarily a bad thing. It could help the market become a little more stable in the long run.
Very good point of view. I'm still convinced that turning point of this correction will be around $10k.