Fib time analysis has captured beautifully recent swing highs/lows, suggesting 20th March to be a key date.
If we re-enter the downward channel from ATH, this will be extremely bearish.
The Mt Gox trustee has only sold 35k of 166k BTC he holds - so further dumps WILL happen - we just don't know when. This fact alone, once widely understood, could cause the price to tank, regardless of whether any further sell off's actually occur.
Total Market Cap is falling as investors and HODLERS get increasingly nervous about the future.
Taking a step back and looking at the chart objectively, it is patently clear that Bitcoin has followed the bubble paradigm perfectly and as such, further deeper lows should be expected. How low? Hopefully not to $700.
If we re-enter the downward channel from ATH, this will be extremely bearish.
The Mt Gox trustee has only sold 35k of 166k BTC he holds - so further dumps WILL happen - we just don't know when. This fact alone, once widely understood, could cause the price to tank, regardless of whether any further sell off's actually occur.
Total Market Cap is falling as investors and HODLERS get increasingly nervous about the future.
Taking a step back and looking at the chart objectively, it is patently clear that Bitcoin has followed the bubble paradigm perfectly and as such, further deeper lows should be expected. How low? Hopefully not to $700.
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Brace yourselves... is BTC about to fall into the abyss?!!