How low can this possibly go? I'm thinking 160ish
I would speculate 180'sh . Because if it goes to 160, then we are definitely going to see a more lower point after that.
Yep. Tons of stops are placed at 200$, market is still in despair phase, testing of even 140$ is highly possible now.
Yes lets totally ignore the fact that the dumped coins were borrowed (levereged shorts) and even if they could come up with just another 30% downpayment to dump again, they can't cause there are only about
BTC3k left total on finex. Oh i'm sorry another newbie predicting the doom and gloom of BTC without anything to back it up, on ignore list you go
Better sell now, else you will be panicking below 200. Btc is very bearish, just look at the candlesticks - hammers on daily, 3-day, weekly and nobody is buying. Why the hell do you think we are again at 200 and not above 300?
Why the hell do you think all the trolls come out when the price gets near to breaking out from the down trend lines?
The tape is being painted and it is being walked down ... the idiot TA traders, chart followers and weak hands fall for it every time. At some point though the real bitcoin supply dries up and it doesn't matter what the charts are saying, they are all gone ... short that shit and you're dead.