BTC - Worst case scenario, what happens if no bounce at 6200 ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Im still hopeful BTC can bounce at 6200

if there is no bounce at 6200 then BTC can fall to 5800
falling past 5800 will open the door for a long slow drop down to the 2300 area.
Comment: I honestly dont see BTC giving up the 5800 support easily.
5800 is the last line of defense and its good support , its going to take the bears a bit of work to move lower than 5800.


That is where Jamie Dimon and Warren Buffet start looking pretty smart with their derogatory comments, huh? Crytpodisco has put out such a chart showing an 85% drop ending October 1st around 3,000. I think the bounce will come but expect it to be weak like all the others.
mycotoxin Jrdelane
@Jrdelane, yup its looking weak , but lets not throw in the towel just yet .
BTC still has a chance to attempt a ( short lived) recovery before we hit the 5800 area.
Jrdelane mycotoxin
@mycotoxin, I'm trying to stay positive, I took my final profits on Binance last night with the month's long bear flag threatening. I am cashing out the BTC even after the drop last night, survival mode. They have brought this market to it's knees, bastards.
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