Quote from: GreatArkansas on Today at 03:00:08 AM

Quote from: palle11 on July 12, 2022, 10:58:36 PM

Quote from: ShowOff on July 12, 2022, 10:00:32 PM

Maybe I would have thought the end of July the bitcoin price would close at around $18K, but who knows?

$18k is still a bear price for the end of the month, it may still go further down by the day since it is still the trend. The price today seem a little stable and better, no high fluctuations. The range is oversold from RSI but I think the market is taking some time to begin uncertainty and the rush for buy will take price up back.

$18,000 for me is strong support, once it will be broken below, then I am expecting there will be a very drop around almost $15,000. This is already proven before when we started to follow below $25,000 and $20,000. The pressure of selling is very huge. But for July? I am not expecting we will fall this July on $18,000 or even worst is around $14,000.

Yeah, it seems that it is holding right now. Actually, $19,000 is, we haven't go down that price this July so let's see how it goes, we still have two weeks and hopefully nothing drastic will happen on the price and push it to below $19,000 otherwise, it will be an avalanche of sellers again, who are afraid of the declining market. Let's just stay positive, again two weeks is a long time, but hopefully we can go back to $20,000 at least before the end of this month.