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RE: Why Bitcoin Could Fall Lower From Here

in #bitcoin7 years ago

I still think BTC could continue to correct down to the 8-10k levels before changing directions back upwards. At the current time I am hessitent to make any moves in the crypto space as the market is still very undecided whether we going to continue the bull run or switch to a bear run for the next few months. Prob the best thing to do at the current time is have some fiat waiting on the sidelines ready to react to any major dips or upturns in the coming weeks.

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Yeah that's basically how I'm playing it (some in cash, some in Bitcoin). Means I'll miss out some if Bitcoin skyrockets, but I'm fine with that.