Thoughts on Recent BTC Drop

[CYBERPVNK]

So BTC recently hit a low of $7.4k, this is a very fast drop at it's lowest it's been in a while. What are you thoughts on this? Good time to buy in or wait and see if it drops more?

[vm91]

more drops are coming imo. It's now about 1 month of slow droping so I do not expect any rise of it now.

[Glass]

Hmm I think there's a solid support level on the $7.4k mark. You could ladderize your investment

[ZForce]

7150.13 USD

[EagleCryptoWorld]

Well,
I am a new here in this forum.
First would like to welcome you all.

I was expecting that drop since 30th May 2019 and that is happening now.
I predicted a rise from $7K to $13K and then a drop to $6K to $6.7K on 30th May.
I have a chart for my analysis but I am not sharing here because may be I will not be allowed for this action.

I think the drop is not yet done, we will bleed more, however, a bounce can be towards $8K then a final drop to sub $6K.

[CYBERPVNK]

Well,
I am a new here in this forum.
First would like to welcome you all.

I was expecting that drop since 30th May 2019 and that is happening now.
I predicted a rise from $7K to $13K and then a drop to $6K to $6.7K on 30th May.
I have a chart for my analysis but I am not sharing here because may be I will not be allowed for this action.

I think the drop is not yet done, we will bleed more, however, a bounce can be towards $8K then a final drop to sub $6K.

Looks like it went up a little, interested to see where it goes in the next couple weeks.

[EagleCryptoWorld]

Yes
Yesterday it printed a bullish hammer on 4 Hr TF.
But that move was rejected around $7300-$7400 this zone is now acting as resistance.
However, we can see a move upto $8K once we pass through $7.4K level
After that we should go at sub $6K

[Poonce]

Looks like the end of 2018 is happening again(?)

[KryptoKing]

thinking of a time when it was 13K few month ago :/.

[CYBERPVNK]

Looks like the end of 2018 is happening again(?)

Boy I sure hope so.

[Allura]

Just wait for the halving... seriously. The miners will literally boost the price for everyone themselves. History has consistently shown huge af spikes on every halving.

[CYBERPVNK]

Just wait for the halving... seriously. The miners will literally boost the price for everyone themselves. History has consistently shown huge af spikes on every halving.

Yup, I'm just waiting for it to boom again.

[Lonzo Ball]

BTC will grow really soon, so invest guyss

[Allura]

I really believed we would be in the bull market in Q1 of 2019 or Q2 at the latest, but I guess not. We started to see the rise in price but we're back down. If the halving doesn't take us into the bull market (brand new highs, so above $20,000), bitcoin is basically dead to me and I will cash out and be done with crypto. Might keep some ETH just as a lottery ticket. So hopefully it does rise in price.

[AmazingLicense]

It's natural. Don't worry and HODL/Buy.