that's what I expect in the next days. Down around 9500 and then around 9000.
I don't think that we are going deeper than 9000.
To many "big interest" stay against this. Imagine the mining industry: They suffer from the losses earlier this year and they need the BTC not deeper than 6000. To close the year with a big plus they need the double of this.
They and others have their ways to achieve the goals. So soon after this ongoing correction, we will go up again into the around 12000 area. Mid of October I expect the BTC around 16000.
That's my personal view of the development and not trading advice for you.
How do you think the game goes on?
Nice day to you all,
longs paying the shorts for weeks now ;-)