Quote from: exstasie on May 31, 2020, 10:22:20 PM

Quote from: UnDerDoG81 on May 31, 2020, 02:25:23 PM

2 or 3k is very welcome, even though I am bullish in long term. Have some fiat I want to get rid off before the covid crisis hits.

Be careful what you wish for. If the market goes to $3K, there's little doubt in my mind it's going much lower. Too much time has passed and too much accumulation has occurred for a double bottom.

If $3K, then this becomes a decent possibility:

Quote from: xxxx123abcxxxx on May 30, 2020, 09:13:42 PM

Yes, his target is $771. Triple digits. Tongue

I don't think $3K is likely at all however. I'm not worried about that scenario until and unless the market is trading near $5K or below. A Fibonacci retracement that far will be a warning that the March-May bull market has terminated.

Contrary to what many here, I never ruled out the possibility to see Bitcoin at $1000 again, this is still the most important price of Bitcoin history, the price stay belowed $1000 for longer than it stayed above. I don't believe in $771, I haven't taken the time yet to look closely at the chart you posted but I believe $1000 is a very important and very strong support, though there would be huge panic among holders, but many newbies would buy at this price.