We Have Not Hit New Lows Today
Hey people of steem,
So the news today for bitcoin is new lows as we have dip below 6k. And it is true we have dipped below 6k but this is not the first time we have done so this month. We already have on Ssturday night and we dipped lower then than we did today. Does that matter? Maybe. There is still a chance we hit bottom then and are now on our way up. We can easily be going lower, but to assume we are because we have hit a new low is not the case. And I was keeping an eye on Binance last night to see if we were going to break the new lows.
Personally I will be watching to see if we start to go up this week and next. This is NOT investment advice and like I said the market can still be owned by the bears but I want to say we have not hit new lows. Tomorrow we might :p. But so far we have stayed above that last dip. It was 5,750 according to Binance and that is the level I will be watching for. If it goes below that I will watch to see how low it goes but if it goes up I might be buying (only do so if you have money you can afford to lose).
But again that is just me. DO YOUR RESEARCH. The point of this article is to tell you to do the research yourself.
There are way too many people thinking they’re experts claiming extremely low prices. Most are just following TA guys from YouTube like tone vays. The truth is that it may turn at any time and leave many in fiat forever
Overall market cap down to $235million is the lowest of this year though which is scary given the amount of new coins that have been added this year.
Today's pump is Bull trap wait and watch the market trend ..... don't enter now....!!!
BTC 24 hrs down 3.42%. market cap -20.28% in last 30 days. As treading volume reduce . Price will not go below 5500 next week . As support zone 5400 to 5700 . New bullish reversal can be expected within few days.
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
Yes, you are right that we hit the new laws, as crypto market was drop more than 5% and $9 billion lose. This might be very sensitive condition as it will be remaining the same. Then possibility of crypto market drop might at lower number if the crypto market does not increase.
I hope this low in bitcoin won't affect steemit? I guess steemit and do mining in cryptocurrencies
Even when Bears dominate
My feeling will be better in the short term, the signs are positive (DIV)
Of course we can still be pressed further by the Bears, but the case is not so deep ☝ ️ the chance of a greater increase, will be greater ☝ ️
In addition
Bitcoin is more than a daily exchange rate
Bottom will be closer to 5k. We will be going down until 5th of July. End of the CME contract period.
Oh ohhhh lol