Currently if you take a look at the BTC weekly chart you will see that the price of BTC is at its one of previous resistant level. And we have 3 price rejection signs too. What will hapen next ?. Will BTC go down again ?.
If anyone knows the answer to question such as this, then such individual just need one opportunity to be rich, then exit the market afterwards as that is the key to every problem facing crypto trading but unfortunately, anybody who offer some answers is only guessing then hoping that he is either wrong or right. The fact is that the point at which price is currently is not enough to maintain huge resistance of not going lower with innate opportunity to rise as well.
We even all wish we could know the answer to that, but unfortunately, there is no one who can ascertain exactly what the future holds. We may always see a bounce, we can end up breaking back lower but only future can really tell how it is all going to be playing out. At this time, being positive is the only thing personally I'm doing because I have already invested enough so I'm just watching these dips.
There are rumors that mtgox guy again started selling of his big stash of bitcoins that is the reason we are facing big resistance around $10k levels. Bitcoin can switch to any point at any time, but the only thing applicable here in this market is following trends and if the OP cannot do that, I wonder what he is doing then ?
