Post
Topic
Board Speculation
Re: BTC inching toward 12 K again.
by
Sir Cross
on 21/01/2018, 16:18:58 UTC
bitcoin price may not "rocket to the moon" for now but at the same time there is no reason for it to drop any more.

right now it is the recovery after the big drop and we still have not  reached the normal level which is above $14000. it first needs to get there, have some consolidation and then start rising fast like before. it may take until next month  though.

Since there's no other reason for the price to drop, then it's experiencing a steady rise after having recovered from the recent drop. Unless some good news about bitcoin will come out, perhaps it won't go to the moon just yet. It's still at the current support level and the price may stay steady at this level for now. The price as it is right now is not so bad, and it will surely rise in the future.