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BITCOIN DUMPING AGAIN BELOW 7000 Whats Next For The Bitcoin Price

BITCOIN DUMPING AGAIN BELOW 7000 Whats Next For The Bitcoin Price
BITCOIN DUMPING AGAIN BELOW 7000 Whats Next For The Bitcoin Price

BITCOIN DUMPING AGAIN BELOW 7000 Whats Next For The Bitcoin Price whats up guys in todays article were gonna be talking about the further Bitcoin price drop which we are seeing well actually seen Bitcoin go below 7k on the candlewick were going to be talking about what that means for Bitcoin about the future price of Bitcoin about some potential levels that we could be seeing Bitcoin going to were also going to be taking a quick look at the stock to flow chart and were gonna be going over a nice aetherium trade that I did on my trade calls that was about 16 percent profit with a leverage some people made up to 60 70 80 profit so all that coming in todays article so before we get any further into article if you havent already Smosh of those likes it really helps out the channel dont forget to subscribe and comment down below to be entered in the trader give away one comment equals one entry so definitely like subscribe and comment down below to be entered into that giveaway without any further ado lets just get straight into it as Im sure we all know bitcoins price has been pretty much plummeting over the last pretty much since around the end of October the price of Bitcoin has been falling falling and falling and falling a little bit more as well unfortunately this is not great as Bitcoin holders and people who just enjoy watching the price of Bitcoin go up because I mean who doesnt enjoy that so Bitcoin has been pretty much tanking and as we see now its tanking even further yesterday it broke below this level of around 8, 000 give or take there was a nice level of support on the vpv are it completely smashed through that again a level here at about 7, 300 give or take it completely smashed through that again well although todays candle hasnt closed on the one day chart it is looking fairly bearish that it will close below this level of support here at around 73 74 hundred give or take so were gonna be taking a look at some levels Bitcoin could potentially be going to in todays article before we get any further into the article I wanted to let you know about a nice little call I did on a theorem it was an aetherium short over on by bit if you guys havent already joined by a bit my link will be down below you get around sixty to eighty dollars free if you use my link all the info will be down in the description and the pin common deposit 0.05 Bitcoin and you can get up to 60 or 80 something for free so its really good and then if youre part of the trade calls on your own by bit well you can making great profits like older here James could call Jack sixtyfive percent ROI at the moment on a 30 X leverage now I dont advise a 30 X leverage I usually advise no more than five or ten maybe maximum but James took it into his hand to do a bit bigger and it paid off the trade call you can see here I called the buyers on here there was two profit zones and I actually exceeded a profit zone the second profit zone and went into great profits of around seventeen percent without leverage with the leverage that could have been absolutely phenomenal profit 7day free trial link will be down in the description if you want to check out the trade calls as well as the bye bit links as well if we go ahead and take a look at some of the coins here on common market cap its absolutely crazy everything is tanking down have we actually had any winners I mean yeah we have had some but no ones really heard of them tether in the top maybe ten winners and thats down point one of a percent but overall if were taking a look at core market cap we see bitcoin ten percent in twenty four hours atheria m twelve percent weve got B cash twelve percent overall its looking fairly bearish if we scroll around here its pretty much a bloodbath I wouldnt be too scared to be honest with Bitcoin and its just something that happens a lot we see these massive sell offs even in a bull run a complete bull room we can see sell offs of up to forty percent during that bull run and still continue up so I wouldnt be too scared to be honest if we do take a look at the V PVR we do see some key levels here although we smashed completely through this level at a k we do see a level here around five thousand five thousand two hundred and we have another level down here 3900 now Im not saying Bitcoin is going down to those prices however it is an interesting region to be keeping an eye out some people on Twitter are already saying that they sold all the Bitcoin into USD T or into a stable coin and theyre just taking a few weeks a few months whatever it may be out of the market just to step back and kind of look at whats going on without any skin in the game let me know down in the comments if you guys think thats smart do you think its smart to sell all your Bitcoin right now in fact stay in a stable point and maybe reenter the market in a few months or weeks I personally even if it went down to like 1k I would still hold my Bitcoin I would just simply buy more Ive never actually sold any Bitcoin before I dont think so I dont plan on selling any in the future let me know what you guys think down below in the comments we have some interesting stuff as well as plan B said on Twitter some people panicking about this nearly 20 negative on the week its just normal Bitcoin behavior just to keep in mind I mentioned this in yesterdays article as well were still 2x up on the year today and yes the stock to flow model is just fine nothing out of the ordinary you can see here the stock to flow model hazards at around eight point believe it was eight point eight K yeah the popular stock to flow model for the charting Bitcoin price calls an average BTC USD price of around 8300 until May of course we know in May that comes the harvan an amended directory the trajectory if I can say that correctly hes supposed to leap above 100k in 2021 so thats the stock to floor model its got as around 8300 average until May next year Im pretty fine with that if it stays at 8.3 on average and then after the hovering we should hopefully go up to 100 K before 2021 so very interesting stuff there right there actually also there is another thing that I want to include if you havent already know if you dont already know this with just the increasing stock the flow rate of Bitcoin we see 2010 here 1.68 2014 and then weve got silver here and then we the current Bitcoin price the point Bitcoin start to flow is actually above silver and were projected to go above gold even in the next coming years which is a really really nice thing to do so even if regardless of what the price of Bitcoin longterm its these small drops in 20 are going to be absolutely pinpricks in a massive massive price scale I mean if you just zoom out on the chart already were still 2 X 2 X higher than we are than we were when we started in January of this year so its not all doom and gloom yes we are quite a long way away from this too moving average well up to around 3035 percent away from the 200day moving average which is a little bit bearish Im not going to beat around the bush however there are still some bullish things going on I did also want to mention balances Shanghai office supposedly is shut down other people have been saying this is complete foot on Twitter and that its not actually going on balance Shanghai office shows its doors following a recent police raid many of the exchanges executives and around fifty two or hundred employees worked at that office the Shanghai government recently conducted a probe of cryptocurrency related activities while balance also made his ambition to return to the Chinese market in recent months it goes down here saying that many of the top executives including cz actually moved out and relocated to Singapore and CC was actually recently at bloc show in Singapore I did see him which is pretty cool and theres a lot more information here for example we dont have entities in China most of us work remotely in China and theyre basically going on to saying theyve seen photographs of the office in China of as part of conversations with banners representatives about the location in question a lot of people on Twitter if you are active on crypto Twitter are saying that its complete photo and its actually a complete lie that their offices were raided and shut down definitely let me know what you guys think down in the description below in the comments below not the description that will be very hard I havent so going back to the Bitcoin price I mean yes we are heavily been decreasing in price recently and its definitely not the most ideal going down almost 30 in just about 28 days just under a month down 30 however picking up bitcoins sub 10k might not be a terrible terrible option I think in years to come when we tell other people about our Bitcoin journey and about our Bitcoin investments when were telling them we bought bitcoins sub 10k thats gonna be a really great milestone it could be as big as telling people now that you bought bitcoin sub 100 or even sub 1000 so thats definitely food for thought also dont forget to let me know down in the description if this price action actually in the description what am I talking about let me know down in the comments below if this price action actually has any kind of if it throws you to do anything drastic with your Bitcoin or you just simply buying more as always guys if you did want to be included in the trade calls and make some great profits over here like James just go ahead and click the seven day free trial for my trade calls which is linked in the description also to do these trade calls youre going to need a buy bit account and the link will be down below for a buy beer account as well you can get around sixty dollars for free so thats pretty much it for this article guys I hope youve enjoyed watching dont forget to smash of those likes leave a comment down below to be entered into the trays at giveaway and of course dont forget to subscribe as it really helps out the channel thanks for watching guys and Ill catch you in the next article

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