Today Bitcoin almost reaching the lowest price on 5 Feb of $7,200. Check out chart: https://www.coinranker.net/cryptocurrency/bitcoin
Will Bitcoin get lower from this point or is the dip over?
Will Bitcoin get lower from this point or is the dip over?
We already broke most resistance points. The only last hope I see now is to have the line that goes from $2972 to $5890 (Bitstamp prices) so if we are going to hope for something, is a bounce in there, which would incidentally coincide with around $7000.. if that breaks.. it wouldn't be looking good unless you believe in double bottoms and trace a line to $5890, and after that we would be looking at around $3000... at that point it would be unreasonably underpriced, which means anyone with a brain will start buying with huge amounts, which means the price will bounce up real fast.
