Post
Topic
Board Speculation
Re: Btc reached the bottom for this week , correction and retest 3,000 $ ?
by
Kemarit
on 18/06/2017, 10:18:15 UTC
Btc is correcting , may be we'll retest 3,000$ soon ?

Most likely, yes.

Price has been extremely stable actually for the past 2-3 days, i would have thought that it would correct a bit more but no, the price is pretty much settled at around 2500 USD per bitcoin in stone.

When there is stability there is going to be a pump in the near future. That's one of the first signs of a pump.

Is it going to happen this month? I don't know. But this year we'll definitely retest $3000, and whether we break it or not will depend on whether the user-activated soft-fork goes well or not. And if it doesn't break $3k per coin then it'll likely impact a lot of traders physchogically, driving the price down.

It is now hovering around the $2500-$2600. And the crash was short lived indeed. Maybe traders sold off for various reasons like the spread of lies getting into them or just simply cashing it out. But now it is somewhat stable and will likely experienced a slow phase up to the next week. But the really is can we touch $3000? Absolutely no doubt about it, but when we get there, are we going to see a price dip again? $3000 is the new mental barrier that some traders need to overcome, otherwise we will see a them dumping their coins in portion if we see the bitcoin has reach this price again.