And the bears are taking over!
In this situation right now, what price do you think will be their new support and resistance level?
The Bakkt hype continues!!! Most freaks out there think that Bakkt would skyrocket BTC, but it looks like we're heading south instead.
Volatility is so high right now, and I bet when I wake up later, it might be going even lower.
Do you think it's the right time to buy now? Or should we wait for BTC to dip even further?
I think it's time right now to accumulate more satoshis in my arsenal, as the bloodbath sale begins!!!!
I caught the knife in the $8,200-$8,400 range with a portion of my cash but most of it is still waiting on the sidelines.
At worst, I see this going to the mid-$7000s so I want to wait and see how this develops over the next few days.
Based on previous bull cycles (like 2016) we probably won't close below the 20-week MA or spend much time below the 200-day MA. So the bottom may not be in yet but I think this dip will be short lived.