BTC SHOCK, FEAR THEN DESPAIR!!! Could We See A Drop to $6,900?

While everybody seems to be bullish about BTC making new ATH, I think there is a bitter pill to swallow - BTC historically squeezes down to test major supports between new bull cycles.

It might get volatile these next few hours/days. Whether BTC does make a jump higher it won't be long lived.

RSI may need to get to oversold before a the next Bull cycle is completely confirmed.

I suspect a 15% drop followed by an ALT SEASON hype before Christmas time attracts retail buyers.

Remember it's all speculation. Safe Trading everyone!

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Even if BTC doesn't drop hard there still needs to be a doublebounce to confirm an uptrend.

Numerous larges deposits in exchanges, surely something is brewing.