Post
Topic
Board Speculation
Re: Bitcoin Drops Below $6,500
by
STT
on 12/07/2018, 14:43:11 UTC
The last time I listened to Tone Vays he was talking about $1300. So $4975 doesn't sound so bad.

As a bottom price that is nothing because the bottom is usually quite brief and not traded by a vast amount of people.   Just a spike down to 4975 as a reversal would be not be a big deal.    It really depends on how it reaches that price.

If we gradually descend then I see the upwards movement after as being much slower also.   I was actually expecting a lower price but also a short duration so not as quite as bearish as just reading the number alone.  I think the context of the price movement probably matters even more