I think that we see bottom around 2000 and then again fast rise. Thats because some people are afraid now and they do not stop selling while the drop curve is so stright. But before 2000 the selling wave slows down and that affects people to stop selling.
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Thanks for sharing your thoughts! 2,000 is definitely possible and an important psychological level. If my $3,150 level does not hold, the next test would be $3,000 which is another important psychological level. I see a lot of buying support between 3,000 and 3,150 so my plan is to accumulate in that range.
Thats good opinion I think. What do you think about ethereum value? Would it go under 200?
They are highly correlated almost 1:1 since ETH made its big advance earlier this year. So my view is that ETH bottoms around the equivalent level as BTC. Bitcoin buy range of 3,000 - 3,150 implies an ETH buy range of about 200 - 217. I think 200 should hold based on the technicals and the importance of the 200 psychological level. Any dip below 200 is likely to be bought quickly.