Over the last two months surprisingly well holding the position. Contrary to expectations, he never fell below 3 million. This led to the conclusion that 3000 psychological mark of the current market cycle of the main cryptocurrency. And although such a theory has the right to life, still there are people who are afraid of new lows. For example, the head of Morgan Creek Digital Assets Anthony Pompliano several times in their podcasts, tweets and publications have predicted the fall of Bitcoin below the expected level.
Not long ago known capturador under a pseudonym, The Crypto Dog said that he would not be surprised if cryptocurrency will suddenly lose another 50 percent from current levels. He expects Bitcoin will fall to $ 1,800, and up to 50.
He also urged to pay attention to some of the predictions about reaching the $ 1,200 — in fact, it is this mark in 2013 was the starting point of the next uptrend until the end of 2017. The Crypto Dog noted that such a scenario is unlikely this time, but that's up to $ 1,800, the dominant cryptocurrency may eventually fall.
$1800 and $50 wouldn't surprise me.
I don't know for any certainty we'll see those prices, nor do I mind if we reach them or not.
If you're in for the long haul, DCA. If you're learning to trade, just to survive. Keep your risk low, the gains will be easier someday.
— The Crypto Dog
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