It looks like this will really be the case now.
The market is going to be filled with new speculations again since there is history to be based upon.
If i am not mistaken he is just providing the charts a couple of weeks back when the bleeding started and what is the big historical speculation in that The market is going to be filled with new speculations again since there is history to be based upon.
.Still I dont see it going below 7k, that should be enough.
We have been there and that should be the stop point whenever a fall happens.
There is nothing interesting in the market right now to say that the price will not drop further from this situation, the market started going down after the launch of Bakkt, he market was lacking any direction for a very long time and we need to see a correction before the next upward movement and the correction is here.We have been there and that should be the stop point whenever a fall happens.
I hate to see it dropping more for we are going to see a lot of FUD again that can cost the value of bitcoin to drop.
We might see a further drop before the market starts moving up, the market is dropping not because of any FUD news, i cannot see any news in the market that could affect the price, in fact there is nothing interesting to say right now and the market was lacking any direction and hence the market started falling.