One more leg down - price to 8000 - 9000 area?

[Gotomoon]

No need to guess.Waiting for when trading indicators will show that you can buy.BTC went 8300. Too quickly fell.The reversal is when it is at least 3--6 hour charts will be in purchase.

It is really hard to enter this market price of bitcoin down so fast. Yes currently btc fell down below $9k. We dont know yet what price it will fell down today. Maybe the best today is to observe this bearish market and buy when you can.

[angjosh]

Banks across the world, for the first time, became "scared" when  bitcoin price nearly hit $20,000 in the end of 2017. Governments and Central Banks are now issuing all sorts of warnings against BTC and cryptocurrency in general, all of which (unfortunately) are dependent on bitcoin. I expect more warnings to be issued, so guys lets brace ourselves for a rough ride. I am obviously hoping that bitcoin will recover, i think everyone is.

[sallee2]

Hi Guys & Girls!

I am hoping to buy some more bitcoins in the 8000-9000 area. Will we enter a panic selling below 10.000?
From this 8000 area, i expect some major support and a strong move up. Back to the 17.000 area.
I have no clue if it will get there. If not, i should be happy with the coins i currently have!

Wish you all the best!
JJ

I think that the current time you should sell bitcoin away, can see in the past few days when bitcoin prices rebounded back to $ 8300 level and stopped there 2 days. This shows that the current moment of selling is very large and will likely cause bitcoin prices to drop at any time. So if you are holding a bitcoin then sell it before the bitcoin price drops again.

[ladner]

Hi Guys & Girls!

I am hoping to buy some more bitcoins in the 8000-9000 area. Will we enter a panic selling below 10.000?
From this 8000 area, i expect some major support and a strong move up. Back to the 17.000 area.
I have no clue if it will get there. If not, i should be happy with the coins i currently have!

Wish you all the best!
JJ

We can see in recent days bitcoin prices have positive signs when the price has risen back to $ 8300 level and is currently priced there. This shows that the current price of bitcoin is facing strong resistance from the sale makes it can not continue to increase prices. If you are holding a bitcoin now, please sell them because the bitcoin price will soon drop further.