Bitcoin Is Not Done Dropping!

Bitcoin Is Not Done Dropping!

New traders yesterday were talking about how glad they are that the “DIP” is over… Uh welcome to trading there! I hope you’ve enjoyed your first month haha. Bitcoin will likely drop to $14k before correcting. We might see $15.3k at the most optimistic, $14k as most likely, $12.3k possible, and below that very unlikely. Also, how important is the 50 day sma in trading? It can dictate investor’s opinion on bear vs bullish status. The longer time since we have crossed it, the more important. This also dictates when we exit the green and red zones which are the two biggest decision indicators.

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