great analysis as usual. what are the chances of bitcoin going under 30k? i.e. 25k or lower. thank you
D7R
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@simplejoe1, with deficoin this week the odds become increasingly higher. But that 30-32k is still very well liquid. We are likely to test it at least twice before any major conclusion. Current state of the market require frequent monitoring and change of mind if necessary. Futures keep giving mixed information back n forward.
simplejoe1
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@D7R, most likely to test 30-32k - you mean due to the global economic turmoil?
D7R
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@simplejoe1, i try to stay away from macro events and follow the charts or tickers where liquidity is reflexively pegged to bitcoin.