Looks like the downtrend is continuing a little longer, whats the prediction on the bottom?
Sidenote: Ok i bought in on average at about $550, should i sell now and buy back in?
I should advise you that the majority of voters in polls on this website are ALWAYS WRONG!
Always wrong and always overly optimistic.
Does this feel like a 'bottom' to you?
Grinding down on very low volume gradually working it's way lower and lower? Next time there is a spike in volume, is it more likely to be selling pressure smashing into BID walls or avid investors voraciously eating into Ask wall?
Hint: Look along the charts at the Feb/Mar and Mar/Apri period for a clue as to what comes next. Notice any similarities? Oooh, and wasn't the long term $380 support broken just 2-3 weeks ago?
I voted on $200-$300 range. In the meantime however, I think it is a pretty good bet that Bitcoin will need to test mid $300 again.