3K is really low but still in a bullish scenario, however I don't think it will go that low, most people know that holding in the long term is good, everybody who wo wanted to sell has already sold now, didn't they?
Not too low if the market really want to take a different turn, but not realistic at the same time, even with any technical analysis as the OP claimed. We already know the market can play out in anyway it wants anytime, but the fact remains that no one can predict or know anything about the future. We may be here thinking one thing, the market may end up doing the other. Many people listened to stuffs like this in the past, and they definitely ended up missing out.
for now, bitcoin prices really have a big enough risk to be resistant. it could be priced back at a price of $ 3k, or $ 5k. but on the one hand, we can buy bitcoin in large quantities. it would be advantageous if bitcoin prices go up even if it only increases $ 1k only.
You mean decreases to $1k ? I believe $6000 will hold up for ever as it is a big support level as of now. So, there could be very less possibilities for $6000 levels to be broken. So, I never think of decreasing to $1k price levels. We can see prices rising up from next week onward.
