Post
Topic
Board Speculation
Re: Will BTC fall again within a few days?
by
magneto
on 20/01/2018, 05:46:58 UTC
BTC is now recovering, it is already at 11k $.
Do you guys think it will fall back to 9k or less within a few days?

I was going to buy some but i missed the 9k point, and now it just keeps rising.
11k seems still cheap tho, wondering if I should buy or not.

There are two possibilities right now, since we're already at $12.5k, up a whole lot from the start of the day.

a) This is a bull trap and we're going to continue to crash after this small pause in dumping.
b) This is a start of a new pump, and it may take us to $20k+ finally.

Both can happen but i'm leaning towards b. Just because of my gut feelings, and what happened previously when China announced a ban on exchanges that are based within their borders. Panic dump happened, just like this time, but the price then was only like $4k, and look at where we are now.