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RE: Wondering why Bitcoin dropped by over 10% last night?

in #bitcoin7 years ago

Regulations is something crypto will have to deal with in the future, only strongest will survive. As of now I look at it from the technical perspective where we have head & shoulder pattern and is slowly breaking up. If that’s the case it may drop as low as $8,000.00. If Yes, I will definitely start scaling in.

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I have heard that number thrown around by quite a few people as well. That $10k touch we had the other day represented about a 50% retracement from the highs...

Yes, but that’s a good thing It always helps the late comers to get in.