MACD heading down, RSI is too high, MA and EMA not looking good.
This thing is going nowhere but dooown.
since this post the price has risen by about 30% already.
it's not as spectacular as it was a few years ago when it basically went from $32 to $1200 in a few months, but it's still a respectable increase.
Best currency to invest in by far.
If you are looking long-term, then such drops should be seen as buying opportunities, to get more coins at cheaper price on average. I, personally, think in these categories, therefore I am preparing dry powder for the drop.
actually those dips should not matter to someone who is planning for long-term investment because a long-term investor has already bought bitcoin when everybody were running around afraid of the $220
these dips are only good for short term investors who are trading daily with the dips.