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RE: Bitcoin selling-off and going down to $2800's would be a normal pull-back for Bitcoin, given Bitcoin is overbought now, which would drag down the price of Ripple XRP, Ethereum and other Cryotos too.

in #bitcoin7 years ago

My crystal ball could be wrong but it looks like there's a lot of support at the 3100-3200 range. A whale might try to jump out of the ocean -they seem to surface after surges. But the hedge funds are just starting to jump in and I think they'll eat the big whales like the sharks they are. Just my .02.

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If memory is correct, the latest web bot reports says Bitcoin will correct down 28%. So 28% of $3400 is less $952, which puts the Bitcoin correction crashing down to the $2448 range, before its next leg up. Will Clif High be right about Bitcoin again? If so, Bitcoin will crash down 28% like he said.

I can only hope BTC corrects that much while ethereum keeps marching up. I traded my btc to eth at 3200.