Sideways or down... is my guess.
Upside is gonna be in a little while longer... I think a buy now would require some Hodl. Yet I'd not wanna wait for the surge so a bid on the current price is my move... i'm ready for some hodl.
I knew this drop was coming and I think testing the bottom limit is too risky. I'd be very surprised to see 250 give way... we've already had three waves of decline. There isn't any significantly bad news to push it down much farther. This drop is simply do to the unfulfilled promises of the 300+ BTC.
I think people suggesting lower than 250 should have a very good reason.
I see sideways as the foreseeable future. Then back up.
"Sideways all summer"
We've been trading in a wide band between 220 and 300 roughly for several months now. Patel had targeted 250 before another test of resistance at 300, and it's totally plausible.
Personally, I hope we continue within this range of consolidation as long as possible. High probability it lasts at least until the end of the month, medium possibility we could stay in this range till the end of the year, maybe until early next summer. VERY low possibility that we are still in this range by the time the next American puppet, err, president gets selected, err, elected.
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