I am not actually expecting this because I was thinking that if Bitcoin can go higher than #8,300 then it will be moving sideways in the next few days. Today, Bitcoin plummeted to lower than its support level and is standing at $7,654.85 per CoinMarketCap figures. The whole cryptocurrency market is on the decline and is painted with red juice color.
Where is the next direction of Bitcoin is everybody's guess but I am a firm and strong believer with this coin that I am predicting that it can in hours be heading south. I am still inclined to believe in many analysts' prediction of it to soon breakout the $8800 zone.
Am I just over optimistic and blinded by things happening the market today?
Right now I was surprised to see the price going below $8k, not good.
However, we have been trading sideways for the past days and it's about time we made a break out. The only sad thing is that it went on the opposite side. But I still be fairly optimistic, this is just another bump and I still seeing a jump to $8k above sooner. I appreciate those TA guys around (not naming names here) for giving us a warning about the incoming decline, so I'm prepared but surprised that it came suddenly though.