I am waiting for Bit Coin at $6000
Today's price is at $8602 as you can see from below
More sellers in the market place this trend I believe will continue at the next few months.
I look at Bit Coin price as the gate way to the what the Crypto market is doing. At the minute the BitCoin price is selling off over the past few months. Driving the price lower. I expect the selling pressure to continue in this market the last bottom was at $6500, when the buyers took over and pushed the price higher. I expect that level will be tested again in a few weeks or months.
This would be a great price to be buying at Bit Coin if it gets there but i think it will be a few months of continuous selling before it hits that.
The lack of new money and squeeze from the media and the ads companies means I believe the Bit Coin floor will be tests in the next few weeks going to a level of possible $6000.
I will wait For The Price To Come To Me
No point in buying now if its likely to go lower I will wait and see what happens and hopefully get a cheap price in $6000 range
Let Me know your thoughts and follow and comment Thanks