Alright ladies and gents looks like we were correct in our past post (part 1 facts dont care about your feelings). Bitcoin did indeed fall to the 8k range as we saw today.
cool man, so what next?
I don't know for sure but i can make two conclusions.
Conclusion A
Based on the chart above the populace formed a support level (probably weak) around the 8000 $. ...
Bitcoin will be testing the 9200 - 9400 $ range soon. Resistance levels have been getting lower and lower while support levels have maintained at around the same range for the past few months. This indicates a DESCENDING TRIANGLE pattern.
This is my prognosis. Once we see bitcoin test the 9200 - 9400 $ range there exists a possibility that it might sink straight...
