For the pass five days we have been find indecision in bitcoin pricing and I hope this is to the holders favour! I have started having a little panic as most of us may have the same feeling and I did not expect bitcoin to fall below $13,000 as this is going to push many to loss. What happen next?
Even if the bitcoin price will drop under $13,000 the potential of buying is here which will lead the price to increase more up to +$17,000 and even +$20,000 which could be possible in the next months
The Price is still great even if it falls on the $13,000 but the newly investors would sure not like the way bitcoin value goes because they are expecting the new year to be bullish for bitcoin and they are expecting it to be fruitful for them, But in reality they have bought in the wrong crash for the price to dip this far, Well if they could keep a strong belief that bitcoin will go to the $20,000 value this year they would really kept investing in it and seeing this as a great opportunity for them.
going to $13000 is not really a drop in my opinion. it is more like a normal thing that is happening anyways.
what i see is bitcoin currently testing different price levels. it is $13500 and $15500 as the upper and lower limits. then from time to time during this accumulation it tests them to see how things are.
so far whenever it broke the lower limit it jumped back up fast.
it also tested the upper limit and jumped back down just as fast.
it is a nearly 10% channel that we are stuck in.
