Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This time I'm really disappointed by the PBOC. Only 50$ (or ~4%) at the deepest point of the "crash" and still nobody wants to continue the shorting party ... (OK, we're 1% down comparing to yesterday, but that would be even a normal number in forex)
I think the PBOC's manipulation power is dwindling as we see now the real volume of Chinese Bitcoin trade. China is still strong in Bitcoin but not that dominant many believed only two months ago ...
I expect a consolidation in the 1030-40's and then a new attempt to break 1000 (1070USD). I continue to expect at least $1100 as a new local high but an new ATH looks difficult to me in the next month.
I think the PBOC's manipulation power is dwindling as we see now the real volume of Chinese Bitcoin trade. China is still strong in Bitcoin but not that dominant many believed only two months ago ...
I expect a consolidation in the 1030-40's and then a new attempt to break 1000 (1070USD). I continue to expect at least $1100 as a new local high but an new ATH looks difficult to me in the next month.
Great post.I second that.
Furthermore I find it funny or better said ridiculous that people still fall the comments PBOC is making after fees have been introduced.
These guys definitely have an agenda running.But I hardly doubt they will ever ban Bitcoin.This is not going to happen.
One day they can announce whatever they want, Bitcoin will give a shit and continue rising in value.
