BTC bounces with weak strength at current level, bulls also show weak momentum to push price up, bears, however, are taking a rest after a continuous downtrend.
Judging by current price action, my analysis that BTC will consolidate around current price without any major rally stays the same.
Moreover, no one will dump their chips unless there are major bearish news waiting ahead, making it very likely for price to continue dipping after a repeated oscillation pattern.
Besides, once BTC dips below the floor at $8,500, price holds great chances to move towards $6,000 or even break below it. Being cautious is still recommended.
Original by Kuang Ren, translated by AICoin Jami.
Full version: https://www.aicoin.net.cn/article/17114.html
Topic: BTC slumps again, is it heading for 6K or lower prices? - page 3. (Read 293 times)
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