6 Key Levels to Watch Out-Bottom for Bitcoin may not be so Close
From top to bottom, strength of each support level gets stronger.
Neutral interval between 5800-6400 may provide a strong support for a big bounce but I don't think that bounce will be high enough to end up bearish tone in the market.
Strong interval between 4100-5000 is being the turn of the bearish market to bullish seems most possible.
Last support interval between 2000-3500 is by intuition my favourite level. I've been thinking of Bitcoin dropping to this level for the last month and somehow it makes quite a lot of sense. It was the most popular idea of the previous bear market. If the rumors about Bitcoin dropping below 3000 start before Bitcoin actually reaches to that point, It may never be reached. If Bitcoin does reach to this level, probably it will catch many traders off guard.
Neutral interval between 5800-6400 may provide a strong support for a big bounce but I don't think that bounce will be high enough to end up bearish tone in the market.
Strong interval between 4100-5000 is being the turn of the bearish market to bullish seems most possible.
Last support interval between 2000-3500 is by intuition my favourite level. I've been thinking of Bitcoin dropping to this level for the last month and somehow it makes quite a lot of sense. It was the most popular idea of the previous bear market. If the rumors about Bitcoin dropping below 3000 start before Bitcoin actually reaches to that point, It may never be reached. If Bitcoin does reach to this level, probably it will catch many traders off guard.