We are below all major local support and are looking at a serious crash which as the potential to take us all the way to 19k maybe even 12k worst case scenario. Terrible macro economic uncertainty around the world economy and most assets is feeding into the already bad technical. The only thin I can say for sure is that if you buy this dip than you better be okay with a very real possibility of becoming a McDonalds employee.
Comment:
Bitcoin is a highly speculative investment vehicle/derivative and not really a currency in terms of how it works/is treated within the current economy. It is the type of asset you would want to unload during a time when the globalized economy is starting to unravel.