For the first time, 15k $BTC closes the candle below the average monthly Bollinger.
It is almost obvious that it will go to the lower line. We are waiting for a drop to 50k.
Whether Bitcoin will recover to prices above 100 - is unknown.
Will this scare millions of retail investors away from the crypto market - yes, obviously.
Is it worth shorting - at a price of 100+ yes, but right now I wouldn't take the risk. There are plenty of other coins that will provide the same profit from a trade in a couple of days.
It is almost obvious that it will go to the lower line. We are waiting for a drop to 50k.
Whether Bitcoin will recover to prices above 100 - is unknown.
Will this scare millions of retail investors away from the crypto market - yes, obviously.
Is it worth shorting - at a price of 100+ yes, but right now I wouldn't take the risk. There are plenty of other coins that will provide the same profit from a trade in a couple of days.
