If the bull turns the head around and sees the stop-losses, it returns back, hits them and runs back up ?? Funny thing!
Mostly likely to go this way.
We had around 2500% upside in 2017 before it saw the bear market and hit the bottom at around $3k. From the new bottom to the top of 13.9K it was just around 300% up. That was 2017 and this is 2019 with a lot more institutions, new retail traders, investors, and higher public interest. Let's see how huge the correction will be because we are just 25% down when...
And never know what happens after that !
Obviously, the dumping whale will be buying soon because nobody is tired of making money. And shorting has limited profit to make whereas long could be to the moon and beyond. Also, the public sentiment of 14K is not the top is still alive.
BTC saw lot of resistance like this, on its way up here, nothing can stop now.
If that happens make is a good one guys, There might never ever be a 4 digit bitcoin again.
Bitcoins hasn't been this high for a while. The oxygen level is low and the oxygen cylinder is getting empty. Need to get back for a refill at the base camp which looks like 10.5k is the 1st one. If not then 2nd one would be 9.9k. They surely have oxygen stock at 9.9k. It will refill and shoot up again.