Bitcoin halved! yay! What does that mean? It means the daily sell pressure is less but it also means that miners now need price to be at $14,000 to break even. Yuck. Do you think some will capitulate at this level like the last halving? I think it's likely.
How far down could we go? The last near term bottom was at $5,000 where major support is at. However if the market rolls over we would see BTC collapse in price and go to $2,000. Watch this channel to get an indication of where we start to go.
Be wary!
Cheers,
-Sherem
How far down could we go? The last near term bottom was at $5,000 where major support is at. However if the market rolls over we would see BTC collapse in price and go to $2,000. Watch this channel to get an indication of where we start to go.
Be wary!
Cheers,
-Sherem
