Agreed. And 8400 is also a very interesting level, as it’s associated with the downtrend, so if we may just bounce off of that again before we even reach the 7000s
RE: BOLD PREDICTION: Bitcoin is Simply in an initial Bear Trap. A Massive Bull Run is Impending.
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BOLD PREDICTION: Bitcoin is Simply in an initial Bear Trap. A Massive Bull Run is Impending.
There is a regulatory meeting in Europe next week that people are bullish on, so hopefully this is the latest bottom before a recovery. If we break support at 7,000, I personally think we will fall faster from there to 5.5k.
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Yeah, let's see what happens. Regulation tends to drop the crypto markets initially, but is crucial to the long term staying-power of cryptos, so we'll see how it plays out. That being said, a positive signal towards the future at that meeting could provide a large bounce.
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