potential move within 48 hrs?
i'm predicting that within the next 48 hrs we will see a drop down to the 8k area to test the 200 ma support. If that fails, I believe we will fall down into the 6200-7000 range before btc decides that next move. The daily and weekly charts both show that the bulls have run out of volume and more miners will begin to sell some coin to cover operating costs. Don't be fooled, just because the cost of mining btc has doubled doesn't mean the price must match. The non profitable mining is standard in most industries and that is how the little fish are eaten up and larger companies monopolize. Btc prices will make mining profitable again by the end of the year or beginning of next year, but not now.
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