Quote from: Carlsen on September 02, 2017, 09:10:26 PM

Quote from: Question123 on September 02, 2017, 05:47:04 PM

Last few hours ago the bitcoin price already reached 5k dollars but it will fall down again and the price as of now is 4600 dollars but I hope it will back again to the price of 5k dollars so we can make a lot of profit. The chances bitcoin price reach or hit 10k before end of this year is 50 50 because we need to get more higher 5k before goes to the next target. But now we wait the price back again 5k and next is 10k.

We have seen the 5K line today, but it triggered a downfall movement.
So that is were the resistence is for the moment.
I think we will need some time to break that level because the same mechanisms that activated the correction today will do the same next time.
It needs a little bit more support from the buyers next time to stay above the 5K level.
Maybe weekend is just the wrong time for such an attempt.

Very, very predictable stuff. If i was a trader and not a hardcore hodler as I am, I would have sold at $4900 ish, because I knew that the psychological factor of a panic sell was too strong, specially at $5000. Realize that, after we cross $5000, we will be nearer $10000 than $0. Once we cross $5000, for that reason, I predict an easy uptrend to $7500, with a final massive bull run to $10000+ if we can get rid of Jeff Garzik and his segwit2x abomination.