Please check the attached chart image here.
In a span of a single week since the last time I published my bearish idea for BTC/USD, we have witnessed a waterfall event amounting to a drop of 40%.
Now that it's currently at 7k range again, it's a good thing to ponder if we have already seen the bottom of this correction. Massive correction. Yes, you read that right because as long as its still above 2.5k, this uptrend is still intact.
Verdict: Observe if it can hold the line above 7.6k. Else, a revisit towards 6k is possible.
Note: PlusCoin ($PLC) - A decentralized cashback platform on the Ethereum blockchain. Learn more about us by reading PlusCoin's FAQ.
In a span of a single week since the last time I published my bearish idea for BTC/USD, we have witnessed a waterfall event amounting to a drop of 40%.
Now that it's currently at 7k range again, it's a good thing to ponder if we have already seen the bottom of this correction. Massive correction. Yes, you read that right because as long as its still above 2.5k, this uptrend is still intact.
Verdict: Observe if it can hold the line above 7.6k. Else, a revisit towards 6k is possible.
Note: PlusCoin ($PLC) - A decentralized cashback platform on the Ethereum blockchain. Learn more about us by reading PlusCoin's FAQ.
Note: PlusCoin ($PLC) - A decentralized cashback platform on the Ethereum blockchain. pluscoin.io/