I was so so surprised seeing Bitcoin breaking the chains of $30000 down to $29,000 which still keeps holders and investors on a bad position in the market.
For a period of 4 months if I'm not mistaken Bitcoin have lust more than $40,000 value on the bearish market and up to now we are not certain on the trend that the market will follow, either bullish or bearish trend.
Question now: how low will it dip and how long will it take to recover the fall that started in April-May?
This is the big question here because I can't really tell how long Bitcoin will use to recover almost $40,000 value in the market which started from April.
Yes you mentioned that this is the best time for someone to stack Bitcoin and hold on it but I'm still having doubt about this break bellow $30,000 because judging by the market chart Bitcoin is closely breaking the support level.
And if Bitcoin breaks this support level that mean the bearish trend will take price from $29,000 down to $25,000 and mind you this is not good for us all in the hive ecosystem because hive price maybe falling too as Bitcoin affect Altcoins in the market.
So I just hope we watch the market trend and know what move Bitcoin will take before acquiring coins and stack them.
Thank you.
It can recover all the losses in a week if it is to replicate rallies from 2017.
Posted Using LeoFinance Beta
Well that a big probability as I don't see that happening anytime soon. However I wish the force you anticipate will come through but now since nothing is happening we Have to hope for the better and pray a positive factor push price up.