After every solid dip in present history of bitcoin there was realy strong bounce. We already made a jump from 4900 to 3300 levels. Didn't get BUY singal yet, but downfall can not stand forever.
I'm cust curious what will be our major support level in this case. Not that long ago we have reached 1800$ (It was doomsday, isn't?), then few weeks later we were on the road to 5.500$
If we fall down to 3200, it will be excellent BUY signal, but I'm not sure if it would stay longterm. Bitcoin gets bashed by not nice news and rumours.
Watchout for Bull Traps, and always use stop losses
I'm cust curious what will be our major support level in this case. Not that long ago we have reached 1800$ (It was doomsday, isn't?), then few weeks later we were on the road to 5.500$
If we fall down to 3200, it will be excellent BUY signal, but I'm not sure if it would stay longterm. Bitcoin gets bashed by not nice news and rumours.
Watchout for Bull Traps, and always use stop losses
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If 3200 will be taken down, last hope for this move is 3050
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