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RE: BTC - Correction paused with a little reversal - Drop should continue soon

in #bitcoin7 years ago

8 days left till Segwit 2x, so technically, volumes suppose to go lower and lower, towards the deadline. As some people will cash out or will be waiting.
I higly agree with those people who predict 5.5k-6k BTC pullback, that Bitcoin need some time "to grow up". Only two factors can do the opposite effect: mass media keeps spreading the word about BTC + Wall Street is starting to show interest in BTC.... so "fresh money" is coming and will be coming to BTC.

I agree with your technical analysis, but remember this is very new field (cryptos) so very hard to draw precise charts, and to guess if they would be correct.

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For sure. Always use these predictions as an indicator but nothing is sure at 100%.