Honestly we need it to not go under 10k after the next dip. I feel like this dip will snap it back up to 17k and then the new bottom will always be above 10k..not 8k this is scary to see as far as prices!
Honestly we need it to not go under 10k after the next dip. I feel like this dip will snap it back up to 17k and then the new bottom will always be above 10k..not 8k this is scary to see as far as prices!
You might be right, but i would still have a relative bullish sentiment if we would reach $6900. On the other hand, if we would drop lower than $6900-ish, then i would go into fiat and wait it out till i see some bullisch/bottom signs.
If we can stay above 8800 for next week I think we may be a trend reversing. That doesn't necessarily mean it will shoot back up, but maybe it will stop falling so fast. If it is going to act like a store of value then those things move a percent at best per day.
It's all relative... The market is so small (market cap wise), so i think the crypto market should be alot bigger before we see "just percents up or down on a day". I'm not realy fond of Bitcoin as a store of value because on a technical level, there are way better cryptos out there. Bitcoin is just the first and the most known, thats why, for now, it is the biggest (in market cap).