Bitcoin is going to be corrected to the 5k level, this massive bubble rivals the one when Silk Road was a thing.
The rebound will occur when BTC hits 9200-9000 USD (Bitfinex volume/price), possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k.
It would be absolutely foolish to buy into the markets atm, unless you're going to sell at the second bull-rush before the big dip. The momentum of the market is down and so are emotions, which is what Bitcoin markets are about, sentiment.
Isn't a more than 50% price decrease put us into a dangerous position instead on a good one? Bitcoin returning to the 5,000$ level will make it harder to recover or we might not even recover at all. Yes Bitcoin is a bubble but when it will pop this way it will be harder for is to profit more. But it always depends on how the market will view it may it be an opportunity for them or a lesson to be learned. The rebound will occur when BTC hits 9200-9000 USD (Bitfinex volume/price), possibly back to 10k, then the bigger sell off is going to start for everyone trying to cash out at 10k.
It would be absolutely foolish to buy into the markets atm, unless you're going to sell at the second bull-rush before the big dip. The momentum of the market is down and so are emotions, which is what Bitcoin markets are about, sentiment.
