BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has broken major lifetime support trends, which was always my worst case scenario. It seems like the bottom is 1300, but with the CB always intervening in the market with their plunge protection team (they've been papering over a deep recession since 2008), it may not go that low. Bitcoin was a product of the last stock market rally, so it stands to reason it will fall with it too. On the plus side, it is likely to rebound quickly, assuming the whole ship doesn't sink.

I say this as a someone in crypto with heavy bags, strong hands and a live and learn mentality.

Comments

If this is not the end of crypto and it wil not banned markets wil recover at the end because the community likes to trade and play this game.
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