do you think it will fall? what are your goals?
Looking at the MACD , we can see that it is forming a mild bullish divergence , but nothing too powerful. If you recall, I had the head and shoulders formation on the chart before, and I took it down for a day to talk about the possibility of the falling wedge . Right now, the trading action is definitely favoring the head and shoulders formation. However, that could change if price holds on the neckline and rallies higher.
wouldn't a drop to 3k or 1200$ end BTC life entirely?
given great enthusiasm and a bright, foreseen future for btc as well as its widespread adoption among people, I have hard time figuring out the reason for such a drastic drop! especially with Halving on the horizon! I mean we cannot merely rely on Technicals to inject pessimism into the whole btc thing!
I would appreciate a reply.
