Bitcoin Potential scenario
As I stated earlier in my posts the dump from the original rally 9.7-9.8k was a bearish sign and i was expecting a pump to the 9.2-9.3k after it hit 8.9k, but we rallied more then expected to the 9.4-9.5k area
I feel that right now the markets are going to adjust to price in corona lingering. While bitcoin is not really affected by corona, since it follows the indexes to some degree more right now a dump in the indexes which recently topped out is bearish and I can see a dump to the 5-6k area. I would be surprised to see it crash more then march but anything is possible. Once we hit these areas it will be best to think of a game plan then
I feel that right now the markets are going to adjust to price in corona lingering. While bitcoin is not really affected by corona, since it follows the indexes to some degree more right now a dump in the indexes which recently topped out is bearish and I can see a dump to the 5-6k area. I would be surprised to see it crash more then march but anything is possible. Once we hit these areas it will be best to think of a game plan then
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