Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you
The price might even go below that particular price sometime, maybe it’s not going to be now. For now it’s just going to be going around that particular price of $40k and the $50k. And I believe that’s because the market is still being bullish, that’s why it’s in that position for long now. But anytime the market goes below the 50,000 dollars price I usually doubt if it will go up again to that price and all of a sudden it does.
So, I can’t really predict this market, the good thing is just that I invested very early, so I don’t have much to worry about, and I also don’t have any plans to invest at this high prices anymore until it goes down.