At this point I don't think anyone wants to see bitcoin break the 7,600 area support. There is alot of downside potentially from there and would mean a ton of buy order got eaten up.
So after Sunday's down move we see price floating not far from that level today and it probably makes us all sweat just a little bit.
The good news is if price can hold this level again then it becomes a rather major support in the near-term and can act as a solid bottom for a potential run higher when bitcoin is good and ready.
When that is we can only guess. The 2020 halving could provide a catalyst as price runs up into it but that is still a ways off to expect it could happen now.
@scaredycatguide, probably the price of Bitcoin will consolidate within the range of $7300 and $8700 in the next couple of weeks. But still the bears are stronger than the bulls, in my view.
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I would love for consolidating action on that range for the rest of October
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I personally don't really care if it goes up and down but I am enjoying the show.
My wife and I only have a tiny bit of Bitcoin but I am also pretty much u affected by the price movements in Steem 👍
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no, no, no, no
bitcoin price is supposed to go up!
When lambo? When moon?
But really, thank the crypto gods for more buying opportunities.
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These tests are important to solidify what's about to come!
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I sold my bitcoin while it was on the rise late 2017 and bought metals with the proceeds, the converted the remainder in Ethereum , which is really nil, lol!
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