Quote from: cellard on March 18, 2018, 03:23:25 PM

Quote from: Sophia Portera on March 18, 2018, 02:06:33 PM

Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200. Check out chart: https://www.coinranker.net/cryptocurrency/bitcoin

Will Bitcoin get lower from this point or is the dip over?

We already broke most resistance points. The only last hope I see now is to have the line that goes from $2972 to $5890 (Bitstamp prices) so if we are going to hope for something, is a bounce in there, which would incidentally coincide with around $7000.. if that breaks.. it wouldn't be looking good unless you believe in double bottoms and trace a line to $5890, and after that we would be looking at around $3000... at that point it would be unreasonably underpriced, which means anyone with a brain will start buying with huge amounts, which means the price will bounce up real fast.

Yes, however, going down below $5890 from the last bottom this year does not sound like something that may play out as the market is really looking forward to that and there may be some huge buy orders kicking in at that time.

Nevertheless, anything is still possible, as we have actually gotten beaten lower than we would have expected with the MA200 even getting pierced lower in the last bottom, I really hope we do not get as low as $3000 for the market sake, but whatever it is, buying it is at that price. I would even borrow to buy Grin