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Board Speculation
Merits 1 from 1 user
Re: The big schock coming! But to which levels? 8500 or further?
by
BrewMaster
on 01/02/2018, 14:10:06 UTC
⭐ Merited by midvoc (1)
I think the time is there for the big shock in price.

the only thing shocking was the fact that price went below $10k despite the very big buy support that existed there and still exists.
the fact that it is going down now is not shocking anymore, a major support was broken successfully after a lot of effort Cheesy

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I do not know how low it will go. If it continues from here (9200) it will go to at least 8500, maybe 6800.
just because it went down it doesn't mean it will continue going down.
it may go lower but for different reasons.

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I still see a lot of potential for bitcoin to grow, but this kind of correction (backtest) is nessecary to go back up again.
very true but this is not longer a correction Tongue

the same way when suddenly grows 2x we call it bubble, right now it is some sort of "reverse bubble" where price has dropped nearly 60%