I was very surprised to see the price of bitcoin falling like a rock, the price of bitcoin has dropped from $ 7200 to $ 6500 in a very short time. I hope this is all over soon.
Do not feel low the market has started to recover and reached 6900$+ . SO we can see soon we will be in range of 7k and move towards 8k in Sept . We require this momentum to keep on continue so that sooner we are back to the range of 10k+ where the people could be little relief and feel better as many have bough at those rates.
What surprises me the most is when a lot of people see some quick growth in the market, they start calling for the moon. Sure, the market shows some bullish sign at the moment looking at the divergence as well as crossover on MACD, and most of the alts also trying to gain some ground in those moments.
I feel we may see a little rally towards the upper part of the wedge around $7300 or thereabout, but I still have at the back of my mind, the bears may still want to take one last attempt on that $6k region which may end up not holding. All in all, I guess we have to enjoy the current moment.