^ I will disagree with this vision since bitcoin did not touch $9k in the market so far and I am very optimistic about the price and I believed that this will bounce back and not beyond $10k in the market. I don't see any negative news that probably will affect the market price or event, only whale here who play the market. The only we can defeat them is to hold and never do panic selling. This is just a small correction and whale has no power to lower down the price, I may not have indicators on my prediction but that is my perception.
Please tell me what had whales to do with the old Mt Gox and many other exchange hacks? What had whales to do with scams and loots that shook us all? Still, we saw immense effects of those things on the markets. That's because of FUD and FUD will never leave us, which is why I believe that there's so much FUD in the markets that we can't help it out and whales, if they want to take the price even to $100, they can do it due to the fact that they've got very big stash and our BTC are just droplet-sized against them. We can't get united because till we unite, these whales will just end the game for us.
I thought that I'm just the only one who see that the price will go on the $8800 levels, it's not that I wanted to see the price go that low. Ok, I "wish", it will go that levels because that's the price that I wanted to see and enter the market again.
$10k support has obviously been broken in the last couple of hours. Again it is strong when traders are defending it, however, in the last 3-4 days, every resistance levels has been broken already. So I wouldn't be surprised if $9500 can't be sustained because there's a lot of selling going on.
I've got a lot of reasons here to say that it'll probably break down below $9k and will definitely reach near $8700 as whenever we are reaching $10k (had always been an extremely crucial support area), sellers pull it back under that level and keep it near 9800-9950 areas. I don't think we are going to fly again for a few months guys, roam with your BTC in alts as probably, BTC will be going sideways for some weeks (probably months).