Let's be simple, honesty and rational. In aspect of support and increase, which line do you think that "NORMAL" ?
This is why I am thinking 2K. It is extremely "NORMAL" even if the price of BTC fell to 2K or 3K. It is not the "end of BTC". It is not the "collapse of crypto market".
We are trading against to "THE REAL WHALES" who are horribly greedy and cruel.
Miners? Just a cute NEMO. Whales don't give a shit while they are eating. Do you think they are satisfy in this price of BTC?
4K would be the bottom of a full parabolic correction. Anything less would likely cause mass panic selling and we would be looking at a very long term bear market. The odds of us going that low are highly improbably though. First we would have to break through the very strong support at 6K, then the psychological support at 5K and finally the 4K full parabolic correction level where a ton of technical traders have buy orders. Not likely. Moreover, many alts bounced up 80-100% from the bottom and the total market cap did a full V-shaped bounce. It would be incredibly rare for these things to happen only to have the prices drop below those levels again. Anything is possible, but TA is all about probabilities and these 2K, 1K, $100, $0, etc. calls are highly improbable imho.
Maybe we can see 2K~3K when "Despair" phase has come.
Thank you for mentioning.
Box1515
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@HudaK, see I think we're down at the media attention/enthusiasm portion of the bubble in the bigger picture. Much of the public that wanted to get in on the gold rush couldn't because exchanges were overwhelmed. I think those people are trickling in now and by the end of this year I think will be the real pop. Just my opinion.
CrissCristofer
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power to the peoplle, real G-s , OG-S, the battle it s against the wales let s be shwarks :) and up smart dos m fkas.