Post
Topic
Board Speculation
Re: The breakout is fake, BTC price will dip again.
by
Oceat
on 12/03/2018, 23:03:34 UTC
Personality, I'm in from early enough that I'm comfortable for it to go to around $1,000 at the bottom of a bear market.

At this point it definitely looks like we are transitioning into a bear market, because we've just come out of a huge overdramatic bull market and there's been a downtrend for a couple of months now. 

If we're going into a bear market, I doubt it really matters that there are breakouts to people other than day traders.  I'll be sitting back and watching the exact amount of profit I could have fluctuate.
Bear market it is but isn't it too deep to go through $1,000? it does required something to bring down the trend of resistance. Besides prices are playing at around $8k to $10k and the price do fluctuate much more on the dip rather than on growing. It's a bit hard for day traders to adjust to this volatility this days... One must have to say this again to all the hodlers out there, "HODL". lol