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RE: [ Bitcoin ] Bitcoin going nowhere for now. What next?

in #bitcoin7 years ago

I think price is about to hit a potential lower support line, so we're likely to see some more sideways movement. Potentially coming to a head and making a move in the next 2 or 3 days.

BTC140320181.png

If it breaks down below that trendline we could be heading for 7k

BTC140320182.png

At the moment, that looks the most likely scenario to me, although I'm no TA expert.

Medium and long term, I'm still very bullish - although not McAfee bullish.

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Very interesting thank you @matthewjackson