RE: Bitcoin prices won't be at the bottom until they drop down into the $4000's by davebrewer

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bitcoin · @davebrewer · Apr 8 '18

I'm not looking for a dead cat bounce.  I'm looking for a new bottom

`author`	davebrewer
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$4 800? Its on the 78,6 FIB retracement.

`author`	gerhardvantonder
`permlink`	re-davebrewer-re-rollandthomas-re-davebrewer-bitcoin-prices-won-t-be-at-the-bottom-until-they-drop-down-into-the-usd4000-s-20180409t182419311z
`category`	bitcoin
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voter	weight	wgt%	rshares	pct	time
davebrewer	0 B		4,212,617,991	100%

$4800 happens to be the average cost of producing a new BTC in the US.

So perhaps that will be the new low?

Time will tell