RE: Bitcoin prices won't be at the bottom until they drop down into the $4000's

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rollandthomas (76)in #bitcoin • 7 years ago

Good info...my level for weeks has been $6000 for a bounce.

7 years ago in #bitcoin by rollandthomas (76)

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davebrewer (59) 7 years ago

I'm not looking for a dead cat bounce. I'm looking for a new bottom

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gerhardvantonder (25) 7 years ago (edited)

$4 800? Its on the 78,6 FIB retracement.

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davebrewer (59) 7 years ago

$4800 happens to be the average cost of producing a new BTC in the US.

So perhaps that will be the new low?

Time will tell

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