Hope everyone is having a good start to the week.
Last week I speculated, because of the rejection at the 200 SMA, Bitcoin would fall to $7700 or $7200 (see article below). We are right on track to do just that. I'm leaning more towards $7.2k and not ruling out $6k. If we go to 6k, the alts could be ripe for the pickings.
A combination of news and lack of buying pressure is to blame in my opinion. Like I mentioned last week, when we reach the bottom, we'll have a huge bounce when the whales are ready. For now, I am very bearish for the first half April, but bullish in the mid to long term.
Again, I'm not an expert. Please conduct your own research.
Please feel free to leave a comment and let me know what you think!
***Update, we had a nice hourly candle! We'll see where this goes!
Update within an update, we are going to reject 8.2k so hard!! 15 min ROI (16) is too high to sustain this run for the meantime.
I reckon BTC will never be $20,000 again.
You might be right if there's no mass adoption. I'd bet 2k before it hits 20k again.
what makes you so sure it will hit again?
What's happening to the coin these recent days, do you know?
Sorry for the slow reply. I think we're pumping to 8.1k. 7.7k seems to be resistance. Not advice, but I'm personally being careful right here. I don't think we are pumping to 10k right now.
As we speak it's more like 6.7k :||
What about Etherium? Pretty big drop as well, ey?
ETH is really got hit hard, but it shows how volatile it can be. 6.4k seems to be strong support, but I am personally waiting for a high volume pullback before I do act.
you think its still worth to hodl altcoins?