Post
Topic
Board Speculation
Re: What now?
by
timerland
on 15/04/2018, 23:05:02 UTC
As we see the bitcoin value is gradually decreasing again on this moment  which is from 8k the price fluctuate back to $7900 , now we need strong explaination about this which is if it's a normal correction of price or it will decrease gradually  again back to the bottom.  ?

Not really. We actually went up again today from $8k from yesterday to $8.9k now. What happened yesterday was just a small correction, it happens all the time when bitcoin is continually going in the upward direction.

I think that this could be attributed to Tom Lee's prediction of bitcoin rising on Tax Day. So I do expect some pretty strong rallies up until at the very least, Wednesday. Price can go up to $9.5k in my opinion during this rally, before dropping back.

After this rally is over, prices most likely will gradually go back to the bottom, but you never know how long the rally is going to last for.