What are your opinions?
For a long time I thought BTC stabilized at $6400, then boom!
I would like to get some views to help me decide what to do.
It has been a wild ride (to put it mildly!) It can be scary.
Three months already, BTC struggled to maintain its value, which was above 6000 dollars, during which many people said it was a stagnant or stable price. But finally the price of BTC fell too at its lowest point between 3500 dollars and 4000 dollars. For those of us who are just ordinary users with a small amount of funds, we can only surrender and hope that this bitter reality can end soon.
I think it dropped so further down that it would be really hard to move to any direction for now. I know it will do some sudden moves up or down one day but for now the volume is so low that unless some big player gets in the game it won't move into any direction for another while. Specially nothing will happen until the ETF deals with BAKKT and nasdaq/nyse deals go through.
Until that time we will be here because dropping the price further would require a lot of bitcoin to be sold since resistance seems really high numbered and going higher seems a bit difficult as well since there is no hype or interest in the market and people are really getting tired of the past year and wants to just sit back relax and watch what will happen before they start doing anything again.