This is the do or die moment for bitcoin in my opinion...
The $30k level is the last major support level on the chart until about $20k.
If bitcoin loses the $30k level it is likely to fall a lot lower yet again, possibly falling all the way to $20k.
The damage that would cause is likely irreversible in the short term, meaning the highs for this bull market cycle would likely already be in at that $65k level and it would take years to build back up again and make new highs.
As it stands now we either have a double bottom being put in or we are about to lose that major support level:
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
I will admit this drop caught me off-guard as I thought we would have a stronger bounce once we crashed like this.
So far the bounce has been weak and the trend is still down.
If we lose that $30k support, all bets are off in my opinion for new highs this year.
Here's to hoping we don't!
Jondoe hold me...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's a critical moment here for BTC, can we hold the line?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
HODL
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe that bitcoin will return its value and grow to 80-100 thousand dollars
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great information. Thank you for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good analysis to take into account with these market movements
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I also post updates related to bitcoin and cryptocurrency.
You may checkout
Thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We are still doing great with the price of bitcoin. Bitcoin seems to be doing well with a strong support around $30k. Just a good opportunity to buy with the dip as we accumulate on a truly non-custodial wallet application like that of https://atomicwallet.io/, am holding for the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I also post updates related to bitcoin and cryptocurrency. Various crucial updates about the market.
I need the community support. Help me grow.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit