I am seeing the majority calling for $20K BTC and even lower. Yes, that scenario is possible.
However, I don't think it's probable.
Let's be patient and see how this choppy, roller coaster few weeks play outs. It is showing us some nice patterns. A range, an arc with a few exact touches, and a range within a triangle.
If the arcs, range & triangle supports break, it will be a fast drop. My opinion is that is not how this will play out. Those selling now into fear and negative sentiment will be buying back in higher.
However, I don't think it's probable.
Let's be patient and see how this choppy, roller coaster few weeks play outs. It is showing us some nice patterns. A range, an arc with a few exact touches, and a range within a triangle.
If the arcs, range & triangle supports break, it will be a fast drop. My opinion is that is not how this will play out. Those selling now into fear and negative sentiment will be buying back in higher.
Comment:
Well... so far I've called it exactly, including my comment below at the exact bottom of the little bear trap after my post. The charts calling for $11K got a lot more attention than mine, but there you go. To be honest, I drew those black lines as just one possibility for it to play out, but sometimes you get lucky like that. Let's see how much longer the price follows my little "example!"