Bitcoin has started to drop out of control. -35% currently in a day is unheard of and unprecedented for a multi billion dollar market. We may drop further but the amount of sellers required is practically insane to go below $4,000. I am not saying it is not possible but the fact this market has dropped so much in such a short amount of time shows how much fear is due to the Coronavirus and stock market selling off. Remember this is still a young market and anything is possible. But it may be a smart idea to start averaging in your spot money here, because with the halving coming and an amount of selling that cannot possibly sustain itself. If in all hopelessness that our support at $3,150 gives out, I am eyeing the level of $1,800 as a possible price of interest. I wish you all luck and remember what a fair price means!
