We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.
Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?
All that technical "analysis" does not matter. As long as Bitcoin is at these low prices, all we have to think about is to buy as much as we can then wait for the next halving.
Trust me, by the next halving around May 2020, we would be seeing Bitcoin trading above the all time highs.
@Wind_FURY - Correct, all it takes is a bit of patience & people to HODL for a few years. All these noobs cant handle it & sell off after a price correction or dump.