With Segwit2x cancelled temporarily, Bitcoin is on a somewhat downward trend. There was a huge pump yesterday near the lowest dip. The pump happened in less than a minute and for some reason managed to put Bitcoin price above $6000. However, as of right now, price is trending lower, though not as great a rate.
Anyone knows what they're doing and would please advise on this? Do you think it will go down even further to $5000 and stabilized or it will head straight back up? It's pretty unexpected that money would flow out of BTC and into ETC and BCH. I get the reason why big money is going into BCH, but why ETC? Is it because of the money locked down in ETH due to some bugs few days ago?
MACD has a pretty big difference, the gap is wide even though it's not as wide as yesterday. What would be a good entry point?
I'm thinking around $5500 again if the heaven permits me to buy some at a bargain. But then again, I could only afford like a tiny fraction of a BTC. Here's to fame and fortune. May we stay decentralized forever.