From a TA point of view, There is nothing holding it from going straight to zero. but we will have to stop in the supports listed below before going either way
So, next support is at 3500$ if it does not hold we will go to test the 3170$ and eventually the 1900$ which is the lowest point we touched on july 2017.
I've noticed something, based on the rsi, as soon as it is oversold and it is way over sold right now they push it up a bit then they continue dumping.
are we heading to a real bear market where we will stay there for the next 3 years ?
So, next support is at 3500$ if it does not hold we will go to test the 3170$ and eventually the 1900$ which is the lowest point we touched on july 2017.
I've noticed something, based on the rsi, as soon as it is oversold and it is way over sold right now they push it up a bit then they continue dumping.
are we heading to a real bear market where we will stay there for the next 3 years ?
Comment:
Next target 3000K. a buy on the support is the best way to make some money in this "manipulated market". they dump it to a point the RSI is over sold then they cool it down by pushing it up as they did yesterday night. now they gonna dump it to 3000K, maybe that support will not hold and next one (1895$) will be in play.