Hi guys and girls,
I think the time is there for the big shock in price.
I do not know how low it will go. If it continues from here (9200) it will go to at least 8500, maybe 6800.
I still see a lot of potential for bitcoin to grow, but this kind of correction (backtest) is nessecary to go back up again.
There is enough money that wants to flow in, so i would not worry.
I keep my position and am ready to buy a little more!
To which levels do you think we are heading?
What happening now is a big dip in my crypto experience, the price now is at $8.5K and still dumping. A projection that the price will go down near $5k. I will think it on a positive side that, this will be a good opportunity to buy again. Hope that this will stable soon.
In The past at some point Bitcoin was 60$ and it went down to 2$... THAT was a big dip. People who bought at 60$ and sold at 2$ might have regretted it later on.