Seems like we have a stopover at the 3,400 levels. There will be a little accumulation before going down again to 2,500 which is a very strong support. The 2,500 price level also falls on the .618 fib, which is a strong pullback reversal zone in the cryptocurrency market, in general. After reaching 2,500, the recovery should quickly happen and in the span of 2 weeks, we could see BTC picking up the pace.
If we break below 2,500, which I highly doubt, then we could see the price going lower than 2,000, and we will enter into an extremely bearish market when that happens.
If we break below 2,500, which I highly doubt, then we could see the price going lower than 2,000, and we will enter into an extremely bearish market when that happens.
