Post
Topic
Board Speculation
Re: New pump?
by
Hell-raiser
on 17/04/2018, 20:15:47 UTC
What do you think about yesterday’s pump? Bitcoin grew from 6750 to 8000$ in a few minutes. That’s incredible! Do you think it is a new pump and soon bitcoin will cost 20000$ again?

It was certainly just one person buying up a few bitcoins here and there. Now we don't see a meaningful continuation, so unless that person decides to buy again, we are likely to continue trading sideways over and over. Personally, I wouldn't be surprised if we went back to below 7k in the coming days. On the other hand, I have a feeling that the growth may be just around the corner as people have calmed down a little after the emotional roller coaster we've all been through during the first quarter of the year.