The down trends of BTC are slowing down, we might be getting into the last one (±7800), my target for this one is ±(5500) and it might be at the end of August that we see this coin bounce for the las time.
I think everyone's expecting another drop to around 5.5 to 6k range which is why it may not happen. It never follows the crowds expectations.
gdistasi
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Those drops may be percentage wise the same, check
DariusKarremans
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@gdistasi, im using the speed of the drops, meaning more people are resisting to sell, could be same %, but not in the same timeframes.
gdistasi
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@DariusKarremans, So, something like the % of drop for each day?
DariusKarremans
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@gdistasi, yes, this indicates that "domino" effects are becoming less and less, which means that people are trusting the coin at this price more and more. Eventually it will stop dropping and start climbing.