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RE: Crypto Bear Market Continues - What's Next ?

in #bitcoin7 years ago

Thank you ! Very interesting indeed :) This is what I wrote on as a reply on the post

I think the drop in price comes essentially from lack of buyers. Simple demand and supply can answer the question. After the tons of FUD buyers are starting to fade and weak hands are also out of the game. As I am writing this BTC is at 10,121$ and i don't see a scenario where we don't break below it. I really hope you are right, but I am kind of familiar with the psychology of weak traders/investors, so thats that. I guess we will have to wait and see ! If you are interested you can check my blog, just finished writing on the topic.

I appreciate your comment, I hope @ew-and-patterns is right.