Quote from: trobin on February 22, 2018, 05:23:13 PM

Quote from: Yaunfitda on February 21, 2018, 06:13:09 PM

Quote from: trobin on February 21, 2018, 05:54:34 PM

Quote from: TirionLannister on February 21, 2018, 05:50:11 PM

Good afternoon! Friends, do you think bitcoin has recovered and will it go up in March?

It's not entirely recovered, there's still a long way to go for that. It's dipped 10-15% the last day or so but that's probably just because it was facing a lot of resistance at 12k. The same sort of thing happened with 8, 9 and 10k but each time it returned to break the resistance.

We haven't broken $12K yet and its looks like a big wall in front of us. We will reach as high as $117xx and then it will goes and dip again. I have noticed this pattern in the last couple of days, but I do hope that it will be finally surpass at the end of the month. So its going to be a tough.

So its really hard to say what will be the price but eventually we can catch up and settled around March. Maybe we could get around the are of $12K-$15K.

It's the same pattern I noticed, but 12k has a lot more resistance than the previous levels did. I think after the price failed to break 12k for a few days this brought back some uncertainty and reduced confidence in bitcoin and the recovery. That's why the bears have been able to take over a little the last day and we can see the price is under 10k. There are very few support levels of any real significance which is tricky. 9.5k looks like a strong support but after that it will be about 8k. Let's wait and see. The good thing is that next time the price does recover to around 12k (be it in a few days or a few weeks) the resistance will surely fall because it will be after finding a new bottom and a level of support. Also there will be less people willing to sell as many will have bought recently.

100% agree. I don't know what's with the $12K barrier but it seems that its really really tough to go and break it. The highest peaked that I witness is around $11.7 and then the market goes into another pirce correction, but this time its worst. The last 3 corrections, we end up well above $10K, but now, that barrier was also broken so I'm expecting that's it will be a slow and long way up to $11K again.

Yes, the support currently is strong at $9K but honestly, I don't think it can hold up and as per TA it can go as low as $8.8. Let's say that it should be another good buying point for all of us if the price goes that low.