Post
Topic
Board Speculation
Re: Will Bitcoin starts to climb up in the next month?
by
timerland
on 11/04/2018, 07:07:16 UTC
As a newbie i am so hype knowing that Bitcoin will go up again, like last year?
Who knows? maybe next moth  Huh
 

There is a possibility for bitcoin to take a small break in this not so bullish market, and go on a small rally.

That is definitely possible. In fact we saw a recent pump that took bitcoin up to $7.5k or so before dropping back down to under $7k. That to me shows how strong resistance is above $8k, and without a good amount of bulls for support, it'll be hard to initiate a price hike on a large scale any time soon. It can happen but I wouldn't bet on it for sure.

Bitcoin will steadily climb up after it reaches consolidates fully and finds its bottom. Don't think we're at that level yet. All pumps before that will be hard to sustain.