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RE: BTC evening update 30.01.18

in #btc6 years ago

I think the drop in price comes essentially from lack of buyers. Simple demand and supply can answer the question. After the tons of FUD buyers are starting to fade and weak hands are also out of the game. As I am writing this BTC is at 10,121$ and i don't see a scenario where we don't break below it. I really hope you are right, but I am kind of familiar with the psychology of weak traders/investors, so thats that. I guess we will have to wait and see ! If you are interested you can check my blog, just finished writing on the topic.