BTC - We will go test the long term downtrend line around 8000$
Hello all,
Yesterday I was showing you that chart :
Here is the current chart :
The market decided to take the bearish direction and so as predicted we will quickly go test the long term downtrend line which is a support line.
I expect a reaction of the market on that level. We could break it shortly but it is important that we go back upper of that line quickly.
If we break it with volume, the drop will accelerate and we could see a mini crash on the BTC so that line is very important to hold.
I wish you massive profits,
Cryptopassion.io
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Let's hope it will hold, there is really nothing wrong with BTC fundamentally, so it should. But you never know in crypto. Long term this is the most bullish period ever, so the lower the price goes the better to enter the market!
Will it takes time to go uptrend again?
Power consumption? Transaction times?
@mysearchisover Your answer: Lightning and POS.
Point of Sale? Is Lightning fully operational? I've read that Lighning might not be able to save Bitcoin.
POS = proof of stake, another potential. Lightning has been deployed on mainnet already. At the very least, it will solve the high TX fees and speed. http://lnstat.ideoflux.com/dashboard/db/lightning-network?refresh=5m&orgId=1
So It's possible that it down bellow $8.000... let's us see.
These dips are buying opportunities for the smart investors. There's a finite amount of BTC, accumulate what you can and HODL
Thanks dear discuss about the cyptocurranec.
Is this literally a once in a blue moon opportunity? Blue moon was yesterday though
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If it hits 8k i'm def buying in