Post
Topic
Board Speculation
Re: What Happen Bitcoin OMG 8100$ ??
by
magneto
on 12/04/2018, 21:22:19 UTC
Big pump what happen ? What do you think dream ? or real.

Yes, it really did happen. I thought I was dreaming for a second as well when I saw the news saying that bitcoin reached $8k as well. It's crazy how fast bitcoin can go up within a span of a day, and change the mood in the market entirely.

Bitcoin did peak at $8050 or thereabouts, which imo means that $8k resistance isn't ready to be broken yet.

The main reason seems to be a huge liquidations in bitcoin shorts, caused by the price rise at first. I wouldn't become 100% bullish yet and I'd rather observe some more before calling this a sustained uptrend. The price could really come down as quickly as it went up, since it went up just so fast.

Don't expect a new bull market to happen right now because it will definitely take a few more months before the consolidation phase is completely over.