Post
Topic
Board Altcoin Discussion
Re: Can we say the End of the Bubble?
by
kmkfan628
on 30/03/2018, 05:30:32 UTC
lol WHAT BUBBLE?!?!!? are you talking about the crypto recession? and honestly it will probably get worse before better. i am not necessarily one who believes that bitcoin and crypto is always able to be analyzed using traditional market analysis; however, there is some merit to analyzing previous resistance and support levels, and that 7500ish was a support for a long time that we just broke through downward. the next level is around 5k. i believe that bitcoin will retest this 5k support before it goes up, and when it does retest these lower levels of support it could very well go down as far as the 3k support level.... this sure hasnt been a good month, alot of people went into march thinking they could get back in and the worst was over, however we went lower still...