Post
Topic
Board Speculation
Re: Feeling good about the dip / down
by
mk4
on 13/09/2017, 14:34:15 UTC
3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?

Unless relieving news come from China best scenario is dead cat bounce to about 4000$ ( max. ) and price between 3400-3800$ for the rest of week.
Very bad news can drive the price down to about 3000$ though.

imho


The funny and sad thing is, the news doesn't even have to be confirmed/legitimate for it to affect the price. It's pretty obvious how much ignorant people are invested into bitcoin and other cryptocurrencies. They just read a negative post of bitcoin from Wall Street Journal then BOOM. People start selling without even thinking twice if the news is legit or not. A perfect example of this is Charlie Lee's tweet spreading FUD.