Quote from: timerland on February 16, 2018, 07:00:52 AM

Quote from: PRDAEcontact on February 15, 2018, 04:58:25 PM

Bitcoin looks above $10K, may resistance await ?

What do you mean by "may resistance await"?

I think that we're on a roll right now, and I would not be that surprised if there was a correction coming to take bitcoin down to around $9000 once again before re-entering the 5 figures for good this time. We're barely hanging on to the support at $10k and clearly it's not going to be there yet.

Resistance right now is around $10.5k to $10.7k, if we break that, then we can pretty much confirm the uptrend for this month plus the next month.

Though overall this recovery is going pretty nicely. Nothing to complain about here.

Agreed sadly the volume isn't there and it is obviously being heavily manipulated by the whales. And as of right now it is around 9,800$ per Bitcoin which it had reached as high as 10,270$ which clearly says that it would not recover this fast. For me I would like to see Bitcoin to establish a gradually increasing price as if it would go back to 12,000$ in just one day is a clear bull trap for me.