Could we be nearing the end, was 5,700 the bottom, or doom?
I started comparing the dotcom crash and 2014 crash.
If I compare it with the dotcom crash then it looks like bottom is here, if i compare it to the 2014 crash, we might have hit the bottom too... 2014 was more steeper in angle movements than 2018, the thing with 2018 crash, there is a lot of other factors this time in effect. CME on other hand has a big part in the price movement this time, which is controlling the previous steep movements, also if BTC market cap would drop below 100B CME would de-list and halt all BTC trading which would cost them billions....
I know some people here will ask, but it dropped below 100B on Sunday, my answer to that would probably be since Sunday is no trading day for CME I would consider that day as a loop hole, but we did notice BTC quickly recover.
I would love to hear other Ideas, or theories and bottom targets with good details.
If I compare it with the dotcom crash then it looks like bottom is here, if i compare it to the 2014 crash, we might have hit the bottom too... 2014 was more steeper in angle movements than 2018, the thing with 2018 crash, there is a lot of other factors this time in effect. CME on other hand has a big part in the price movement this time, which is controlling the previous steep movements, also if BTC market cap would drop below 100B CME would de-list and halt all BTC trading which would cost them billions....
I know some people here will ask, but it dropped below 100B on Sunday, my answer to that would probably be since Sunday is no trading day for CME I would consider that day as a loop hole, but we did notice BTC quickly recover.
I would love to hear other Ideas, or theories and bottom targets with good details.
I have to apologize after researching more into the CME hi/lo limit, I found out that is the day limit, and it changes every EOD.
20% limit for hi/lo circuit breaker event limits are 7390 / 4930 for the month of June.
the 100 B limit seems like it was just rumors.