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
Well, I hope it bounces back to $20k or below. Many were waiting for that time, they will buy more, increase the demand and get back to high again.
Probably, if there is a huge dump/correction that will happen, it will never be that long. Why? people got crazy about buying more and this will help the market to recover instantly. But I can't see having a huge price correction happen this year( or not anymore) as the resistance keeping strong and the market flow still improving. Maybe it is not a good idea to wait that time to come but to start buying some when there are short dumps. This will only be the best option.