🚨BTC UPDATE!🚨
Conclusion: If BTC will hold 5900$ support, we can expect nice bounced back soon,
also RSI is very oversold so it can happened every moment,
from second way, if too many people start
opening long positions with leverage, whales may push BTC down again so that the stock exchanges do not lose large amounts of money. I do not expecting more decrease than 5000-5400$ zone which is strong support for BTC. Do not lose your patience! Im pretty sure that good days will come for crypto.
it many times but i will do that again, we are here on long term, not for short.
I quite believe that this piece of information about the crypto market condition is necessary to raise our hope this time around where the bitcoin and altcoins market is in the dip. Keep doing this to erase panic in the community and keep our hope shining because I know the market will bounced back soon. The BTC price bounced back after moving below $6000, I think that was a major correction.
I think the strong support now is at $6K. And I don't think that it can go down that level again. But the problem I'm seeing is that there's no strong buy support either so I speculate that the price will go hovering around $6K-$6200 for long before we can see another progress. The investors faith are not there, that's why what we see is always a bull trap when everyone thought that we are recovering. Day traders are doing their thing by selling whenever they have the chance to make a profit.