So, we have a new analytics for BTC. On Friday, against the background of the strongest collapse of the S&P500 (an index of shares of the largest US companies), the cryptocurrency market almost didn’t move a lot. It's no secret that the bitcoin rate correlates well with this index. And if the S&P500 is now at its June bottom, then BTC is almost $2,000 from it.
All this suggests that the most terrible sales have passed and the most persistent holders have remained in the cryptocurrency. Considering our previous post (reply), it is likely that we will never see the $15,000-$16,000 bottom we planned to buy at this year
However when BTC tries to break resistance level higher $19,500 it gets fail. At these levels, there are still significant sales
Conclusion: for long-term investment, you can already buy at levels below $18,700
