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
I consider $40k up is just a correction, not literally we call it a start of the bearish season. But if the trend to dump below that line, that we are finally seeing back the bear season. However, I don't think that it drops below $20k ( I hope I was not wrong).
Anyway, much better to be prepared for everything and much better as well to have the reserve money to buy more once the market badly dips once again. I know many investors are waiting for that moment to come particularly those early sellers.