$BTC floor is ~$6000. SEC ETN suspension is FUD!
Hello Steemians. I'll post some current charts and and maybe even some screenshots from my trading account later on. A bit tired but wanted to get this off my chest.
I think the $BTC floor is somewhere in the range of $6000. Based on previous chart prices, the $6000 area has been a major support for bitcoin. The big drop in the market was caused by institutions. We have to remember that some people are 100% Fundamental traders. We were doing just fine until the Goldman Sachs "fake news" that drove prices down. Then comes the SEC with a 10 day suspension. Further punishing the coin.
If last year's rally to $20,000 is an indicator we could be on our way back up in as soon as 9 days.
Let me know what you guys think.
Congratulations @kareemac! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!