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/biz/ - Business & Finance

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11028437 No.11028437 [Reply] [Original]

weaker than you think

>> No.11028448

That's what THEY want you to think. In reality, it can't go below $5800 for long.

>> No.11028464

thx just sold 1 million

>> No.11028489
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11028489

>>11028437
Bears getting desperate

>> No.11028634
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11028634

The weak hands are gone dude. #HODL

>> No.11028657

>>11028448
It would be a mistake to believe it can't. For the short-mid term price, the 5800 level will be decisive... 5800 is more important than 6000. Now ~6400 is a tough resistance. Currently BTC is more likely to fall than rise. If it falls below 5800 and doesn't quickly bounce back up then it will likely continue down to the low 5000s and it may happen rather quickly; it may only take a few days once it starts falling. Lots of people expect BTC to bounce up from 5800, but if it doesn't... many will get scared and sell, driving the price down further.

Of course it's possible it bounces up from 5800 (or from slightly below 5800) to above 6k again but only stays above 6k for a very brief period of time, then falls down again to below 5800. If that happens, then during those movements it will surprise almost everyone and cause maximum confusion.

>> No.11029156

>>11028489
bulls are terrified right now!