Bitcoin Is Hitting A Critical Point - Will The Downtrend Continue?
A Critical Point In The Next 24-72 hours
Since spiking to $20,000 in December bitcoin has been gradually declining at a pretty consistent rate. Since that high, the low point has been right around the $5,900 mark. On February 6th there was a massive dump and it started right around where bitcoins current price is.
What Is Going To Happen?
I am by no means an expert but I will give my uneducated opinion. Personally I believe that despite recent good news, the down trend will continue. Why? Because at this current time I see no reason for the trend to not continue unless the same people that are supressing the price are ready to give it massive support and the previous low. But I have no reason to suspect that at this time. I believe the short will continue for a couple weeks yet. I would love to see some upside and I would really enjoy listening to the mainstream news when it goes for the next big rally. It will be very amusing. Either way, I am ready.
What are your thoughts? What news do you think is affecting this currently? Thanks for reading!
Leave Bitcoin Is Hitting A Critical Point - Will The Downtrend Continue? to:
Read more #bitcoin posts
Best Posts From skyefox
We have not curated any of skyefox's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From skyefox
- Why Does Steemconnect And Steembottracker Not Work When Bitcoin Is Dropping?
- All Top 11 Cryptos Are In The Green!
- Expectation VS Reality... What I Want VS What I've Got
- My Logo Contest Is Complete - Here Are The 3 Winners I Chose!
- Less Than 24 Hours Of My Logo Contest ! Bring Your Creativity!
- 5 Most Important Camping Gear For Survival
- Help Me Make A Logo Contest! My 3 Favorite Designs Get Paid!
- Bitcoin Is Hitting A Critical Point - Will The Downtrend Continue?
- Minnowbooster Just Stole $200 From Me - I Would Like It Back
- Bitcoin Price Slides Despite Twitter CEO Betting On BTC