Long term, prices could then fall much further towards the bottom end of Bitcoin’s multi-year upward trend channel, which began in 2016. This would mean a descent to around $3200 — a more than 80 percent correction versus all-time highs, but still signaling a continuation of a general uptrend.
Informative article, even though if bitcoin fell to $3200 I wouldn't be too comforted knowing that it was still in an uptrend, lol.
Read the full article here...
http://bitcoinist.com/bitcoin-drop-3200-still-continue-uptrend-fundstrat-confirms/
BTC is $6500 right now, so that would be another 50% loss :(
What are these guys smoking?
Lol, I have no idea....
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