Post
Topic
Board Speculation
Re: I believe BTC is going to trend down to $5,000 whats your thoughts
by
darkangel11
on 26/03/2018, 23:07:49 UTC
I think worst case we'll see a double bottom at around USD 6,000,- but I'm actually a bit hopeful that Bitcoin will be able to hold the USD 7,000,- to USD 8,000,- levels. Then again I might be a permabull.

I second that. While some of you might see it as sluggish, it actually confirmed the bottom at 6k and the next wave red candles ended higher, at 7200. When there are 2 huge red spikes and each of them stops at a higher level it confirms the bottom and starts forming a clear uptrend. As i'm writing this a decent green candle has formed at 7800. Could that be our new low support? Smiley To me it looks like we're getting closer to a breakout from the 8k range.