Bulls desperately need to hold 10800-10600, otherwise 9k will be seen shortly.
I personally stay mid-term bearish , currently in short to see 8800 as a first target , and 7500 as a second by end of august.
If you are really into BTC, you should understand that the correction is required for a balanced movement up. It is much better to land into 8000-7500 area , consolidate a bit, and then go up stronger, than sky rocket to 20k and be dumped to the dome again.
This cycle is definetly healthier than the last one. I suppose 2020 will be a breakthrough year for BTC, and 2021 gonna be pretty much historical. But , please, don't fool yourself.
I personally stay mid-term bearish , currently in short to see 8800 as a first target , and 7500 as a second by end of august.
If you are really into BTC, you should understand that the correction is required for a balanced movement up. It is much better to land into 8000-7500 area , consolidate a bit, and then go up stronger, than sky rocket to 20k and be dumped to the dome again.
This cycle is definetly healthier than the last one. I suppose 2020 will be a breakthrough year for BTC, and 2021 gonna be pretty much historical. But , please, don't fool yourself.
Comment:
Bulls are almost done
Comment:
Done. I guess any hope for a major bounce now is irrelevant.