Post
Topic
Board Speculation
Re: Once we hit $1000, how far will BTC drop?
by
BitcoinPanther
on 12/01/2017, 13:17:19 UTC
So it would appear $750 was the answer. I sense $700 isn't too far away though, before the bounce back up towards $850/900.

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

It seems it is, so far.  I am looking at bitstamp and seems there is not much of resistance going to $800.  But well of course buyers wants to buy at the cheapest.  Aside from that if whales decided to crash the market further, they can make it down to sub $700.  Let us wait for a bit, depend on what comes next in the press, will decide the next movement of bitcoin.