Post
Topic
Board Speculation
Re: Bitcoin price fall below $5,500.
by
dancingnancy
on 18/10/2017, 17:01:47 UTC
I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below  $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one,  it might just be three to four days and we would resumes another upwards movement again.
Yes if the prices are constantly going down at a slow pace it will be perfect to buy more bitcoin, to get assured profits as the prices will kick back again to higher prices. We will be closing in to 7k by the end of the year so buying now seems to be a reasonable deal.