BTC update - we haven't hit the 11.7k support level, yet

in #bitcoin6 years ago

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We need to watch the 11.7k and 10.9k support levels for BTC. If these hold, we could see BTC trade sideways for a bit. If these levels don't hold, further retracement between 7k-9k becomes likely.

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Overall I think this is healthy for the market. Let the hype leave and get back to sustainable growth. I still won't be getting into BTC as the last few months should show that it's tech can't keep up. We need to cut the cord between BTC and the alts.

Bonjour à vous, encore comme d'habitude vous faîtes un superbe article et très passionnant je vous adore et vous admire beaucoup. Mais il juste un point où je suis déçu c'est que vous méritez 100 fois plus de popularité.
Encore merci de m'avoir lu et porte toi bien je suis impatient pour ton prochain article.

Buy alts ... BTC's issues now becoming clear. Let's not keep the space yoked to this too-big-to-fail bohemoth that Bitcoin has become. Once it was the only, but now there are WAY too many much better solutions to the emerging blockchain technologies.

I agree, but for now we are pegged to BTC unfortunately.

There is still a lot of space down the green line, if not the lower red line:

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Yeah, I bought-in at 11,800 when it hit it the 2nd time.