As I have discussed in earlier posts, I foresee a sharp drop to $30k before dead cat bounce.
Obviously, there appears to be a 200 SMA support level at $40k, but the real bounce is more likely to happen at $30k.
You can find my earlier thoughts on BTC's bubble burst in the Related Ideas section.
I'm launching a new "Tweeter-lite" type of website + app for deep understanding of how the industry works. It is called chaincritics. It'll arrive next month.
Obviously, there appears to be a 200 SMA support level at $40k, but the real bounce is more likely to happen at $30k.
You can find my earlier thoughts on BTC's bubble burst in the Related Ideas section.
I'm launching a new "Tweeter-lite" type of website + app for deep understanding of how the industry works. It is called chaincritics. It'll arrive next month.
