RE: What Happens When the Crypto Market Prices Drop...

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What Happens When the Crypto Market Prices Drop...

in memes •  7 years ago 

Do you feel that BTC hit a bottom at around $2,850? I think a big recovery may be on the loom. Interested in hearing your opinion

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I do think we hit the bottom. There are a lot of analysis that showed support around the $3000 mark. I think this was just the market reacting to the news in China about their ban on ICO's and BTCChina closing. I'm sure the markets in China are selling and withdrawing funds and having its effects where people are taking profits when they can.

It looks like it made a little bounce and is sitting nicely around $3500-$4000.

@bitcoinparadise I feel we share a similar opinion then my friends seem to think that its going to fall more but i don't think so i managed to get a buy at 2.9k so im very happy