Can't say Dead Cat, but currently a nice bounce today from just under 30K, which was to be expected.
We have been slowly covering our position on the way down.
Nice bounce from <30K to 32.5K. Let's see if it can hold 32.5K or $35.5, otherwise, heading back down, at least 27.5K, then maybe another bounce to 30K. Maybe $31500.
Then looking for movement into the lower 20K range. Let's see. We don't predict too far out with Bitcoin.
Don't think 10K is in the cards. Maybe $17500 tops. We shall see.
Maybe, it reverses trend. It needs to recapture $42500. Then maybe we head back to new highs, and we bail out of this project.
Cheers.
pechi123
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It's correcting no doubt but $10 is laughable, it will see $80 before it will ever see $10. It's a bull market in a correction, $10 would invalidate any concept that a bull market was in force.
drchelsea1
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@pechi123, For Crypto, no Bull Market, only Bull Crap. Greater Fools Theory. I see they got your number ;) Bull Market. Pretty funny. Has no value. How do you have a Bull Market in a Ponzi-Type Scheme? I don't know but Bernie Madoff would be proud when you lose it all. I trust W. Buffet, before you. Cheers.
livesai
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@drchelsea1, great analysis time to buy more and sell once you buy.