over the past two days, BTC prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?
I think it is indicate the big dump is waiting for soon. So it will little pump in the market I am just lying everyone curiously waiting the future possibilities because crypto market is suddenly drop and suddenly raise so no one predict the exact possibilities. But everything should be recover in June or July it is my prediction if you trust my words keep calm.
I think this is another bull trap. I have a feeling that this is not sustainable. Actually we haven't seen bitcoin sustained is price run. The last stop are $11700 then it quickly drop. Now that we touch $11K again, it keeps on fluctuating from $11K then go down $10800. I hope though that it will not go down below $10K and that the resistance is strong along that price.
Let's see how it goes in the next couple of hours, otherwise it will be a good buying opportunity again. I will buy if the price goes below $10K or $9K, good buying points.
I would not be surprised if it is but I still want to believe that it is not and what we are experiencing now is bitcoin heading to the accumulation phase. Time will tell anyway as anything we say now is pure speculation and what we hope to expect but when the time comes, a lot of signals will indicate to us where we are exactly. I am still waiting as well to see how everything plays out in coming weeks and months and trying to get more fiat for the time ahead to load up more for the run ahead of us before the end of the year.