Post
Topic
Board Speculation
Re: BTC Trend
by
Yuuto
on 10/09/2017, 10:07:23 UTC
BTC Next day (or Next week) Up or Dn?
BTC/USD Weekly:
and BTC/USD daily:

How about you?
 


I'm not that bullish right now since the markets have responded quite negatively to the rumors. The price could potentially crash down to like $3k and even less if the rumors turned out to be true and Chinese government actually does ban all the exchanges this month.

We are under $4000 now and that could trigger some panic sellers, driving the price down with it.

Best case scenario would obviously be a full recovery back up to $5000 or so, and i think it is possible if the rumors turned out to be just rumors, and not official by any means. If that is the case, then $5500-6000 is possible. Otherwise i think short term we may be looking at $3500.