As well celebrate independence day here in the States, we are reminded that free market prices are free to do whatever they want.
Much to no one's delight, BTC is selling of hard the past 48 hours.
I'm scared sarge.....we're all scared son
Bitcoin price is testing the 200 day moving average as we can see on the chart above. This was a downside target for me and I bought a little btc just now.
The swing low of the price range we have been in for a few months now is 56,500 when we saw price last poke below support before rallying.
Will the same happen here?
Need some buyers to step in soon. If for some reason BTC cannot hold the 200 day MA or that swing low price, well then its not gonna be a fun summer.
Ideally, we get a big volume spike lower and this is just a move to shake weak hands and leveraged longs.
Happy independence day ;-)
Posted Using InLeo Alpha
Alts are taking it on the chin. I was a bit disappointed to see hive nose diving.
The drop after the halving was expected. It always but always happens. It will start going nuts in september - as in everything will. The elastic bands on those alts are incredibly tight this time. BTC could lose dominance because of this.
hahaha im buying ETH yesterday think its already lower proce but today it more lowest smh :(