We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.
It's impossible for Bitcoin to go down to $4000 again, however $5000 is still possible but I don't believe Bitcoin will re-test its support at $5000 area. If Bitcoin keeps on current price, it's very possible for a correction because the demand is not enough yet, might be just a little before it will hit and break more resistances when more demands come.