Bitcoin drop from 16.000$ to stable 10.000$ to 12.000$).
Bitcoin will make few corrections and (the first support level 14750$ will be broken.
Then it will contintue downtrend trying to make a strong stable price which should be around 11.000$.
Actualy if coin drops bellow 10.000$, next support is at 8.400$ not 9.300$ as some people say.
Anyway, correction should happend about 72 hours counting from now (current 15882$ drops to 11.740$).
That price will strongly affect alcoins.
On the first place, all alts will have strong pullback (there is a few which wont, but that's not the subject matter).
Btc will try to "buyback", becase sharks 'n' wales wouldn' wan't to sell their " positions" and cause of OVER BOUGHT and OVER EXTENDED price.
Bitcoin should be able to make "stable" 11.xxx price. 12k is a maximum price that will seen in 3 days from now, maybe even sooner.
I would not suggest trading untill drops to 12k.
Then it will contintue downtrend trying to make a strong stable price which should be around 11.000$.
Actualy if coin drops bellow 10.000$, next support is at 8.400$ not 9.300$ as some people say.
Anyway, correction should happend about 72 hours counting from now (current 15882$ drops to 11.740$).
That price will strongly affect alcoins.
On the first place, all alts will have strong pullback (there is a few which wont, but that's not the subject matter).
Btc will try to "buyback", becase sharks 'n' wales wouldn' wan't to sell their " positions" and cause of OVER BOUGHT and OVER EXTENDED price.
Bitcoin should be able to make "stable" 11.xxx price. 12k is a maximum price that will seen in 3 days from now, maybe even sooner.
I would not suggest trading untill drops to 12k.
