Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Majormax
on 16/07/2019, 23:34:51 UTC
...
Of course, if BTC prices were to get into the sub $5k arena, then I am surely going to have to consider whether I need to restructure some of my lower buy orders in order that I do not run out of money for buying... .. sub $5k does seem a bit unlikely but you never know.

There is some good support at 6.4k , so sub 5k is not likely (and at least not until the middle of next year).

If it gets under 5K , probably best to not look for a year or two. That would be the return of winter.  

Hopefully new support levels can be gradually built up in the next month or so. A new support above 7k would be a positive. Time will tell.