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Bitcoin on the brink by borsengelaber

View this thread on: hive.blogpeakd.comecency.com
· @borsengelaber ·
$4.74
Bitcoin on the brink
![IMG_7224.jpeg](https://files.peakd.com/file/peakd-hive/borsengelaber/23tcNa8AFkoBeq8DcD1Pbm778sR9A24AyBem5sw8Entr4aChAj4jgANT9PGNdryk4ES5r.jpeg)


![IMG_4613.png](https://files.peakd.com/file/peakd-hive/borsengelaber/23tmhFfrz6q6DREyvpWuMQ7DpJMrfLmwXFDXpZCfPuLNd6GcpHu8FqHXxHNemMqLAB9Z6.png)

**How far down could it go?**

We saw quite some price action the past days with Bitcoin falling to about **60k**, again. So far the support in this area is holding strong with buying pressure starting as soon as we come towards that brink. BUT I doubt currently that we have seen the end of the correction. Just too bad macro sentiment with war in Israel and maybe no interest rate cuts by the Fed this year.

We could go deep into the fifties if the line doesn’t hold, bringing Fear & Greed index into neutral area. Currently we are still within „Greed“ zone. 

**My best guess** at the moment is that a dip towards **58k** or even **50k** is likely, but this will probably be the start of a new Rallye towards new heights at about **80-100k**.

![IMG_4613.png](https://files.peakd.com/file/peakd-hive/borsengelaber/23tmhFfrz6q6DREyvpWuMQ7DpJMrfLmwXFDXpZCfPuLNd6GcpHu8FqHXxHNemMqLAB9Z6.png)


👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 41 others
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vote details (105)
@djbravo ·
Bitcoin has made a triple bottom at the moment, so the market will definitely go back up from here. 
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@rafzat ·
$0.05
Oops
I was thinking there will be no more dip
This is quite sad 
👍  
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vote details (1)
@borsengelaber ·
Well…you never know. That’s crypto volatility. 😜
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