Post
Topic
Board Speculation
Re: Any thoughts on the price drop today?
by
batang_bitcoin
on 25/05/2017, 20:50:19 UTC
Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

I have replied with others thread asking with the drop.

I agree with them, it's just a matter of people are selling out and don't want to miss the action of getting some profit when the price was at the new ATH. And yes, it's only a correction and we are already seeing it a lot of times that when there is a price increase next to it is price decrease and the cycle goes on.

And with the correction that is happening, this is now making the price of bitcoin to reach higher than $2,700 soon. Expect that $3,000 is already at hand. We just need to wait a little bit longer maybe 3-5 days we are already there. Once the price of bitcoin started to reach back again at $2,700 it will be continuous to $3k.

It was just a correction and it's a normal thing when the price of bitcoin soaring high, people that are satisfied with the profit they can make starts to sell.