Post
Topic
Board Speculation
Re: What's next for bit coin ?
by
BitHodler
on 10/08/2018, 20:54:43 UTC
We all wanted the price to go and hit another all-time-high but unlikely that its going to happen in 2018. All indicators lead to a prolong bearish market.
I honestly don't want to see another all time high any time soon. I prefer to see the market bottom out properly first, otherwise we'll keep jumping up and down and eventually tank deep below the $6000 mark.

If you keep testing the same main support levels over and over again, eventually they'll break. By itself consistently testing the lower side of the support isn't indicating that we're ready for more growth.

It only points out that the demand above $6000 is no longer there. People just need to accept the market as it is and stop desperately hoping for a miraculous bull run that won't happen.

Take a break or do something else that's productive.