Quote from: alex M on July 28, 2018, 01:55:17 AM

But if a series of price down movement happens, these should be taken seriously. But I think this scenarío will not happen for now. Actually, bitcoin price is now at 8K$ level, from its lowest dip which is 5.9K$. And I think this is a good sign that the market is recovering nowadays.

It's still possible to retest the $6000 mark in the coming months. Currently the growth in price seems to be related solely to the ETF decision next month. A negative decision will lead to a proper correction.

If the SEC decides to delay their decision, the price will go down a bit but it will recover later on and we'll see the same action happen in the run-up to the next deadline. After that they can delay it only 1 more time.

Either way, we for sure will know the outcome this year. If the market falls back in the short term I'll use it to buy myself as many coins as possible while I'm still dollar cost averaging every 14 or 28 days.