BTC is in a huge downward channel, at first i thought it was ABC correction, but we got repelled at 12k, so now its pretty clear its ABCDE instead.
That means the next stop is at 2.5k.
But in those crash-like situations panic selling usually drops the price way below the designated bottom of the channel, so i think its gonna go straight to 2k. May even touch 1k briefly.
Any TA faggots around here? Maybe im wrong?
inb4
>muh memelines
>believing what lines predict the future
>etc
2.5? ARE YOU MENTAL
Show me your proper meme lines then
100K EOM SCREENCAP THIS
Everybody saw the downtrend channel.
6000 was the 32.8% retracement, quite predictable.
It points to 2500 but that's a very bad scenario, Idk Trumps should ban Bitcoin or Binance should exit scam to go down there, really hard right now.
Sooner or late will berakout, been rejected again at the resistance would be bearish but now that bearish again.
objectively correct.
>proper meme lines
its going negative. miners will pay you to take bitcoin from them. the charts don't lie
Put a k at the end of my dubs eom
You're right OP
Ignore these fucking retards who don't remember Bitcoin was 1k a year ago
Utter delusion
Do you really think what news affect the price? I think they dont, people are just blaming the drop on any negative news that are currently floating around if the price is dropping.
As far as i remember Ripple started its run way before any positive news. Everyone was scratching their head and thinking "wtf is causing this run".