Quote from: jerjer on February 01, 2018, 12:31:27 PM

Quote from: dothebeats on January 26, 2018, 04:23:47 PM

Not expecting any movements from either ways, but am still seeing a possible decline towards $8000 if the resistance @ $10000 proved to be too weak to hold. Also, there aren't much news circulating around to make the traders hyped and go nuts, so probably this kind of stagnation will last for months if momentum hasn't shifted back for the bulls. Somehow it feels 2014-ish since there aren't any major declines or rises, and I'm good with that.

Seems like you are right

. Bitcoin keeps going down. Hopefully it will stay @$8K .

If we get to the $8k at all, (that is if we eventually smell it), it is a strong one on the 200MA on the daily chart and I have a feelings we can bounce back from there. I really want it to be fast though as I honestly do not even like all these dilly-dallies. However, if the 200MA does not hold (around the $8k), then we should sure be in for a nice ride downwards from panic selling and that won't be good most especially for bitcoin, so let's be optimistic it is going to hold if it gets tested and if the present $9200 previous bounce back/support does not end up holding.