price reached $7700 (on bitstamp) and nothing happened.
these are critical days only because we are in a wedge that we don't know which way it is going to go and when it comes to bitcoin it can go anywhere even if the chart is showing you some other possibility.
i say we need to see the $8k level before starting to get excited and talk about where it is going to go or we need to see the $7000 be broken if we are to talk about possibility of drops. otherwise get comfortable here with small ups and downs.
It will go dooooooooooown!
There is nothing that can be done about the down trend, when you look at the books there is hundreds of millions worth on longs.
They will be closed if the price rises even by just a bit...
While if price goes down nothing will counter that. Especially considering the production of btc...
