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RE: REASON FOR BITCOIN MASSIVE SELL OFF? Learn my personal opinion and share yours

in Project HOPE • 3 years ago (edited)

hi @menoski

I have no clue when we see a change in the price movement, because it got scary when BTC reached $39k, hence, anything is possible, as we can see the price fall to as low as $30k, which will affect the ALTs market greatly

If FED announcement and unexpected situation in Kazakhstan drove down prive of Bitcoin by ONLY one level of support, then I wouldn't be afraid of reaching $30k. It would mean, that BTC need to drop this support line and also another one (at approx $34-35 level).

It would require some massive negative news. Possible, but not very likely to happen.

ps. Solid upvote on the way :) Thanks for that comment
Yours, Piotr

3 years ago in Project HOPE by
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     3 years ago 

    BTC is showing quite a good sign for just getting only below one level support, inspite of both negative news. It's quite encouraging for holders and the entire cryptocurrency sphere.

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