As previously discussed, BTC has hit the $58,000 region (timing was almost to the hour from the previous chart) Now we expect some serious downside. Expect over 50% losses when everything is said and done, maybe even to the $18,800 level (but that would be horrific) Below 30k is expected. Big question is, does XRP follow? Or is this going to be the start of a great divergence?
hate to say it but you are probably wrong with the 50% loss theory. Things are different than ever before and if it drops below 40k before finding support i would be very surprised...you cannot look at this as a common situation or compare it to past trend because there is now a totally new understanding of Bitcoin cryptos and blockchain and its importance in our future that is spreading far and wide. 50% that is just illogical at this point. There is a flood of new investors coming to invest on the way and more and more companies realizing they will need to hold funds in bitc to do business moving into the future. If 28k hit again it would bounce and soar so fast itll make your head spin. "50% losses in the end" that is misleading because that drop would just be the beginning of an even more powerful upward move.
Probably gonna see the drop below 30k. Definitely going to see a bounce off of those levels, probably in the $70-80k region. But this is only dealing with a potential downturn before that bounce.
Dave-FX-Hunter
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Good job mate, keep it coming
ProjectSyndicate
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that would be a massive dump, see what we get.
SIGPokerKing
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100% FUD.
xxxxxxx-xxxxxxx
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@theworldinscents, you are 100%
hotCardinal77642
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Bubbles Burst
soundscapesss
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what makes you so sure this will not bounce at 43k and continue upward like we did in August 2017 ? the pattern is absolutely identical and doesnt correlate with the end of a cycle and a bear market. why would institutions be buying at billions in volume if we were going to 18k?