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Bitcoin Bearish Forecast
Next week we'll see some of the more drastic price fluctuations we haven't been seeing since black monday.
I'm just wondering how bitcoin is going to handle the flash crash value (161 or less? some markets saw 10 dollars) thats why i suspect a sharp drop to accommodate that low to occur which could set off a trigger different chain of events, or extend the timeframe. That being said a low of 161.45 for next week is very possible; and the next being 90, and finally 60-70.
Sometime mid-next week support will be at 180-190 and dip into that area a lot in zig zags until the bottom and start a 'quiet' period before the climb to 1000. Until then we may begin at a higher support between 229-220
I'm just wondering how bitcoin is going to handle the flash crash value (161 or less? some markets saw 10 dollars) thats why i suspect a sharp drop to accommodate that low to occur which could set off a trigger different chain of events, or extend the timeframe. That being said a low of 161.45 for next week is very possible; and the next being 90, and finally 60-70.
Sometime mid-next week support will be at 180-190 and dip into that area a lot in zig zags until the bottom and start a 'quiet' period before the climb to 1000. Until then we may begin at a higher support between 229-220
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