bitcoin is currently declining, some traders I know have speculated that the worst possibility could go down to the level of 7000 $. From the article pinned OP, there is support reaching 4.5%, hopefully this can be a bounce to reach the level of 8000 $ again. But somehow it feels difficult, there is no power strong enough so far.
Can't back to higher price for bitcoin on this year, look how drop bitcoin price today and raised with $7500. I don't know what happen with bitcoin and why price very dump, without negative issues for bitcoin but price very drop. Now we are only focus for waiting just several days later, will bitcoin come back to higher price or bitcoin will be drop very low.
It is quite ironic this time of decline, but we must remain optimistic. Stay on the safe track, let's just look at the positive side, if you dare to take risks, this is the right time to collect more coins for the long term.
I don't know what to think anymore. I thought Bitcoin was going to blast off a couple of months ago and so far it has done the exact opposite. I stopped trading crypto. I watched it every day before. Now I check the price of BTC about twice a week ... I hope for you hodl'rs it still has a fight back.
I wouldn't mind trading again either but there needs to be more volatility for me to enter trading positions. Good Luck!