We are currently testing a few supports.
First is the support set by the trend of growth on average for the past 12-14 months. This support is around 6900-6950.
Second is the support set by the trend from a pre-December run up, followed by the bounce off this 5900 price all the way back up to 12,500 which brings us to where we are now.
I'm currently investing under the assumption that we will see a repeat of this behavior, but also saving some dry powder for the possibility that we go lower at which point I'll have to seriously consider another buy in as low as $3000.
First is the support set by the trend of growth on average for the past 12-14 months. This support is around 6900-6950.
Second is the support set by the trend from a pre-December run up, followed by the bounce off this 5900 price all the way back up to 12,500 which brings us to where we are now.
I'm currently investing under the assumption that we will see a repeat of this behavior, but also saving some dry powder for the possibility that we go lower at which point I'll have to seriously consider another buy in as low as $3000.