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RE: Bitcoin target can be seen near term at $1700-$1800 range.

in #bitcoin8 years ago

"As a result a slump is created in the market when a lot of people indulge in profit booking. However, the slumps created as a result of profit booking are extremely temporary in nature. These issues get resolved and the stock price comes back to normal in a matter of days since there is no problem with the fundamentals of the stock. Profit booking are just temporary aberrations created by market sentiments."

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Yes correct, you will find bottom very soon, instead fear keep hold or buy again at that level.