Currently market is in bearish mode and bitcoin tried to break above 6-6.4K range but failed. There were many good news in market like MTGox, Facebook ICO etc but they couldn't stop the bearish cycle.
It seems if bitcoin breaks it's major stop of 5.8k then possibly it can touch 5.2-5.4k range and possibly below 5k. from last past few days everybody is bearish about bitcoin.Mostly every channel/group on facebook, telegram are posting bearish messages regarding BTC and there are many buy orders between 5-5.5K range on big exchanges. Whales and institutional investors are waiting for big deep so they can enter before next bull run.
As you know BTC mostly down on every weekend so possibilities are we can see a big dip on this weekend if BTC break 5.8k support.
This is not a financial advice so please do your own research before making any trade.
KEEP CALM AND HODL!
more down expected
Yes it may go more down.
@pratik99 Looks like you do TA my friend. If possible please publish some knowledge of your TA. Keep posting good stuff.
Thanks for suggestion but above prediction is basis on psychological analysis but I will post some TA chart soon.
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