We are waiting for a resolution of this big push into the red. Since the move has reached extremes, I would expect a bounce now. But Mr Market is always right in the end. If enough humans got scared, that does not suddenly go away. They will come to their senses only one by one.
In that respect, some sideways action, even just for a day, may lead to all emotions simmering down a bit.
In that respect, some sideways action, even just for a day, may lead to all emotions simmering down a bit.
I'm most certainly expecting some form of bounce imminently. Made a few tiny buys between $3000-3200, and have buys of increasing amounts staggered in increments all the way down to $1200.
The price at $5000 was so obviously overcooked so it's great to see some form of retracement from that. I'd personally be very surprised if we reached anywhere near sub $1500 in the next few days, a bounce back up to ~$3600-3800 sounds more likely before what I would hope is a further fall in the medium term. Lets see, Bitcoin make a fool of meee!