Post
Topic
Board Speculation
Re: When will the market pick up again??
by
alyssa85
on 23/01/2018, 13:33:24 UTC

Short term speaking I wouldn't see bitcoin go down under $10k. We have already tested the support two times and both times, we came close to crashing under the $10k figure but on both occasions stopped just short of it.

So what we can conclude from last week's crash and this recent correction is that $10k is the main support right now, and based on that support we can slowly recovery to the price levels that we saw late last year.


It's tested the $10k mark again today.

The Bitcoin price is correlated with the Google Trends graph for searches about bitcoin. And as you can see:

https://trends.google.com/trends/explore?q=bitcoin

interest is heading down to what we saw back in November, so it's not surprising that the price is at November levels too.