BTC Flipout: Price Drop and Retrace

3 Jun 2020

First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Also, I may or may not have a conflict of interest. That being said Bitcoin recently dropped, and yesterday it had an $800 price drop in under 5 minutes. This is most likely due to Bitcoin whales or large funds trying to hit automated sales at the 10k resistance level. Right after this short retreat however, I think Bitcoin is to retrace and hit 10k+ soon, and looks to have lots of long potential still.