From what you can clearly see here is we've flipped into a bearish market in the matter of a few days. Now, normally I would say "HODL, it's BTC! Price will rise no problem in a few weeks." This time I feel we're going to be in for some more choppy waters.
Hypo 1:
We see more selling towards a big level at 2120. We break that and shit hits fan. Big psychological number is that 2000 number. If we break through that people start seeing 1900's print and they flip. Selling off and we continue to see price nose dive towards 1850.
Hypo 2:
We see a rise in price as buyers step in taking advantage of the huge drop. Ultimately, we don't see an incredible run up to 3000 again anytime soon. We'll hover around the 2100-2600 range for a bit of time until we get more clarity on USAF.
Hypo 1:
We see more selling towards a big level at 2120. We break that and shit hits fan. Big psychological number is that 2000 number. If we break through that people start seeing 1900's print and they flip. Selling off and we continue to see price nose dive towards 1850.
Hypo 2:
We see a rise in price as buyers step in taking advantage of the huge drop. Ultimately, we don't see an incredible run up to 3000 again anytime soon. We'll hover around the 2100-2600 range for a bit of time until we get more clarity on USAF.