I don't claim to be right all the time, but i tried to warn y'all! 
It's now hovering around the $9300 range but i suspect we will see more pain soon with a zig zag pattern downwards. It also fits in with a popular Elliott Wave theory that bitcoin is entering the final phase (Wave E). So after the final dump down to whatever price - it will rise up to ATH.
It's now hovering around the $9300 range but i suspect we will see more pain soon with a zig zag pattern downwards. It also fits in with a popular Elliott Wave theory that bitcoin is entering the final phase (Wave E). So after the final dump down to whatever price - it will rise up to ATH.
I think we might get trolled back to 9.5-9.8k soon instead... Could be completely wrong but it's something to consider, I've been thinking we need to break 10k once more before we go back down and drop from there just to completely kill all the hope...
Unfortunately, the price has dropped too deep because now the price is at $9,300. I wonder if, in the next week, the price can start increase to the last high price, but if the price can not increase, hm that will be a long time to wait for the price back to the higher price. Maybe right now, many people shocked to see the bitcoin price has down deeper than what they expect, but some of them already prepared for the worst thing like this moment. The situations now give an effect to the other coins, which is followed to get down, so we need to be careful.
I don't think 8% for a drop is very major with bitcoin, most investors probably expect it by now...