Personality, I'm in from early enough that I'm comfortable for it to go to around $1,000 at the bottom of a bear market.
At this point it definitely looks like we are transitioning into a bear market, because we've just come out of a huge overdramatic bull market and there's been a downtrend for a couple of months now.
If we're going into a bear market, I doubt it really matters that there are breakouts to people other than day traders. I'll be sitting back and watching the exact amount of profit I could have fluctuate.
Bear market it is but isn't it too deep to go through $1,000? it does required something to bring down the trend of resistance. Besides prices are playing at around $8k to $10k and the price do fluctuate much more on the dip rather than on growing. It's a bit hard for day traders to adjust to this volatility this days... One must have to say this again to all the hodlers out there, "HODL". lol
While I would not want to see 1k Bitcoin, I am not even sure it is entirely possible at this point. We have tons of support at 6k, 5k, and 3k so would be hard to imagine us dipping beneath this. The worst pullback I have seen in Bitcoin is in the 70% range, and I don't know what my confidence would look or feel like if we went -95% it would make me wanna puke.
