[ Bitcoin ] Who let the Bears OUT!!!

in bitcoin •  7 years ago 

Yesterday this time we will still going sideways, but then we had this big slump from $9148 all the way to $7718! Eina! And SBD? If was the star yesterday when it went up to $3, but look at it now! It is at $2.12 on coingecko.com

All the Guru’s were unsure or littlebit negative about the bitcoin chart yesterday, but today all of them seem to be negative. very negative. This is not good, or is it good? Now that everyone is negative, maybe this is the time to buy and Bitcoin’s time to make a final turn low and go back to the old bull market trend UP!!

Here is Dan from the Chart Guys. He takes a longer time frame in this video to get a better view where we are now. Interesting. He says $7851 must hold, but that broke 2 hours ago!

Here is Tone Vays with his negative view. He says $7500 is very very critical! If we go below, we are in new down trend. Oboy. ☹

Here is Jay Crypto with his $3500 view:

Does anyone know where we will find positive charts? How low will we go?

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Bitcoin will turn at $7500 and that is my very low before we go into next Bull Run! GO Bitcoin!

Great guess, it did!

This was such sustained and fierce selling - looks like several whales either want out or want to bring the price down. Eh.

Some sick whale. Hope that burn their fingers.

Very sick

Do you think bitcoin is going to be die?
what will happen if it will come true?

It cannot die @sup3r. Every single miner will have to switch off. Most will switch off it the price goes way down, but some will stay. As this happens die difficulty will plummet and it will become profitable to mine again even at $100.

I sincerely hope it doesn't come to that. The biggest concern I have is the market for bitcoin... if the banks and governments band together to establish a centralized crypto, then the market for bitcoin will once again be relegated back to the shadows for less than honest deals.

At this rate though, major financial institutions seem to be buying up mpre and mpre cryptos, making it seem like they are betting on their success... make ypu wonder if this bear market was manufactured.

I don't thing they will be able to regulate bitcoin

Very interesting thought indeed

If breaks the triangle, then go down!

I hope not!

What is that level @ovcharuk?

Steem it post.JPG

My thinking is it will come down and find the support line @ $6800 than the tide will turn, saying that I don't think a lot of institutes have gotten involved yet has the governments are still trying to put regulations in place...

Most on the side. Especially with this latest volatility.

If Bitcoin will go down then it's more time to buy. We should see it as an opportunity to double our money.

Yes, buy the dip!

First, the negative. I still believe the bears have got some clout left in them and we're heading down to $7.1k.

The good news - we'll bounce at that stage, as the bulls take over, and we should see a good rise at that point.

Bitcoin will rise again, I agree, but before that all Bears must out first. I think many have left already. :)

Yeah, there don't look to be too many left but I do think there are some belligerent buggers left in there.

The bears will always be there. We just need to Bulls to outnumber them.

Price of BTC has strong support lane at 7500$ . If we will see rebound from that price it's next goal will be to reach 10k.
In a case if price goes below 7500 i am expecting it to reach 5k mark

I hope not, looks like it is turning positive after reaching about 7500

Up to 8481 today, but looks like some profit taking after the 2 day run

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