The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
Isn't it that bitcoin has recovered to $6500 already? Why is people still trying to predict that it will go down further. I understand that we are in a bear situation for half a year, but does it mean that people are giving up and thinking that bitcoin will goes go below way way below?
It is because TA has somewhat pointing that $5,500-$5,800 will be the bottom. As we all know the previous bottom we have is around $6500, so we have reached that already. But it seems that this market is fluctuating and everyone is expecting that daily traders will take profits as soon as the price goes on a +$500 so I'm also thinking that we can go below $6000, but I hope that I'm very wrong.
I see thread popping saying that bitcoin will go as low as $1K-$2K which really surprises me. Don't they fully trusted that bitcoin is so resilient from all this FUD that it can bounce back again? I'm sure that we are a bit on a struggle but I'm very optimistic that we can hurdle all this barriers.
I hope though that you are not affected by this kind of FUD because we all know that its part of the system. Everyone has its own opinion and even predicting the death of bitcoin. So I advise you to just observe and see how the market recovered and prove them all wrong.
I agree, it's all just speculation that is done by the fools and in trust by idiots.
I'm sure this year bitcoin will pump.