Post
Topic
Board Speculation
Re: Correction is coming
by
Slow death
on 02/03/2021, 11:51:05 UTC
Sell your coins while you can, price is almost certain to correct downwards by at least 50% over next few months.

for that to happen the price would have to break the huge support that is in the $29,000 something that until now is very difficult. for example look at the latest dump. the price as soon as it touched the support that is at $43,000 immediately increased up to the resistance that is at $50,000. this shows that it has a strong demand in the $43,000 zone and also has a strong selling pressure in the $50,000 zone upwards.

My opinion:

we will see the price fluctuate between $43000 to $58000 for many months, but we will no longer see the price below $29000