If we look at bitcoin journey from 2017 to 2018 it might be shocked, but look from 2009, this is not a strange thing where bitcoin falls after ATH in certain years. It is possible to recover in 2019, but indeed 2018 is a year that is quite heavy compared to 2017
This market goes on a cycle. No one expects the 'brutality' that we're going to encounter at the end of the year. Support lines are broken, sellers out number buyers, panic creates more panic and we don't know when this will be over. I personally thought that $5000 support will not be broken, I guess I'm wrong.
And I understand some losing hope. But if you're really in for the long haul, this is far the best opportunity for everyone to be a bagholder. If by chance it went below $4000 and nothing is buying, then I don't know, we don't need to wait further as those are good buying point.
As far as I remembered back into previous months were most people do speculate that 5400 would already be the strongest support yet we are tanking on the price of 6k+
up and possible decrease wont really go below on the support range but look at we now.We did break the lowest support of 4400 and dropping even more lower. Next would be 3300
if dumping would continue then trust and confidence will surely be affected.