We all want lower prices, I feel the market is balanced up to $7400 and anything below $8500 is a discount I'm beginning to think sub 10k is a good price. my short was a counter trend trade and barely panned out. However, until price closes and trades above $8850 i think price will reach for $7400 level before going higher.
the red horizontal lines on my chart represent the weekly opening price projected one week into the future. This week we saw price trade down to $8000 and up to $9000 to be rejected. i have an idea price will trade back to $7400.00 and re-evaluate.. my ultimate buy is at $6800. good luck
The market didn't provide a discount as anticipated..price hit first target and still has room to the upside imo, $8700 is the line in the sand for the bulls it appears.. i'm bullish to $9500 and bearish if price drops below $8400.
I'm hitting the bid at $7500 level, while hoping for $7080 level. also at the ultimate discount of $6200-Bitcoin is currently at the weekly opening price, your discount is below this level. My target is $8850-$9200 as we move to June then higher back to $10,300 level.
This week has the potential to become the 52 week low of #bitcoin. Is it any wonder that the astronomical high of bitcoin came this same week
51 weeks ago? My idea is that price will be driven down to even deeper lows to give the appearance of a dead currency/project. I'll leave it to others on predicting a low. Load up as much as possible is my advice. price...
