Post
Topic
Board Speculation
Re: What is happening with Bitcoin?
by
1Referee
on 26/09/2019, 13:37:19 UTC
I still believe the downtrend since late June is just a correction to the bull trend. I'd be surprised if we weren't back above $10K by October.

I add more viability to the scenario where we do not cross the $10,000 level again this year if we don't quickly get a bounce back up. If we get that bounce, I'll wear my imaginary moon boy cap again, but I have opened quite a significant short because of how this market action doesn't look good at all.

Last year I ignored all these signs, but I'm not doing that again. Being more rational helps looking at the market without thinking about your big hodl stack. Long term speaking everything is bright af, but the short term can be very nasty, especially with how short term price action doesn't factor in fundamentals.