In my opinion many people think that the bubble has popped. They are afraid to buy and they are waiting for even better prices. I think the price around 8000 or maybe even 4000 is the price where we are going to see a significant bounce up. After the price bounces more and more people are going to buy afraid that they will miss out and we may see a new ATH. The second option is: after bouncing from 8000 or 4000 we are SLOWLY going to go up...
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When we close the 4 hour candle over 12460 we may be a bit safer but im still bearish on bitcoin on during the next days/weeks
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We are going down.
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8000 is waiting.
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5000$ is waiting
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We are still going to 5000. this is not the end of the correction
@philipjterry, In my opinion many people think that the bubble has popped. They are afraid to buy and they are waiting for even better prices. I think the price around 8000 or maybe even 4000 is the price where we are going to see a significant bounce up. After the price bounces more and more people are going to buy afraid that they will miss out and we may see a new ATH. The second option is: after bouncing from 8000 or 4000 we are SLOWLY going to go up...
philipjterry
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I think with all the uncertainty and conflicting stories coming out of Asia people will be in cautious mode for a while. Will probably stay in that range for a while unless any groundbreaking credible news materializes... I was half thinking that another institutional figurehead might come forward and bash it again while its down to get an even better buying price....