If a reversal begins, we may drop toward levels seen before Bitcoin’s last surge in early May. This would bring Bitcoin back toward the $5,000 psychological threshold. However, the RSI currently appears to be increasing. There was an important bullish cross on May 10, and volume appears to be stabilizing to average levels. Together, these indicators suggest that a reversal should not be expected. Rather, it’s more likely that a short-term retracement toward the critical support area around $6,000 will precede an uptrend toward $10,000. When do you think we will see Bitcoin hit $10,000 again? Let us know your thoughts in the comments below!
$BTC 30%+ pullback coming?— Josh Rager 📈 (@Josh_Rager) May 22, 2019
Yes, eventually. If history repeats, there should be plenty of strong pullbacks on the way to next peak ATH
There were at least nine 30%+ pullbacks from last cycle accumulation & uptrend
Plenty of buying opportunities ahead, don't let it shake you pic.twitter.com/fMnhKzlpA8
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