I am not a permabear. Just a realist :) Bitcoin!

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Bitcoin (BITFINEX:BTCUSD)

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BITFINEX:BTCUSD Bitcoin

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Hi guys! Bitcoin bulls seems to be out of steam as we reached extremely overbought levels. So awaiting pullback has just started. I do not want to be negative, but looking and overall picture, we are still not definitely out of bear market. In my opinion there is very high probability we are going to retrace at least the whole spike from 5500 to 4200. But for the first time I would say there is strong probability that Bitcoin will hold critical 3K support. Let's wait!

Take care!

-DP-

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