Given this information, I have high confidence that we will see much higher prices in the future, and I have outlined some weekly resistance levels to watch. I believe this is a good entry point for those of you who may not know much about TA and consider yourselves long-term investors. While most people are scrambling to get out of bitcoin and announcing its death, smart investors have decided there is enough upside potential here to get a good deal with low risk.
Bitcoin is not dead. If it were going to die, it would probably be closer to $10 by now. The fact that we've gone down for such a long time and have stilled maintained critical levels means a very large upside correction is due. We don't know exactly how high it will go, but I believe it will be much higher than it is now.
Very coin, much donate plz: