Bitcoin- I still expect a big drop in price
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Let’s be honest, Bitcoin didn’t do much this year and, excepting some spikes up or down, it moved in 10% range between 38k and 42.
However, looking at price development, is clear, at least for me, that bulls don’t have any power and the pressure is on the downside
Yesterday, another spike up was fueled by FED, but also this is very short-lived.
My expectations remain the same, a drop in price to AT LEAST 30k, and we will see from there.
Any rally should be considered an opportunity for short in my opinion
