Post
Topic
Board Speculation
Re: BTC Holding Strong
by
fortuneteller
on 23/04/2018, 02:18:41 UTC
Right now bitcoin seems to be doing well. As you mentioned, BTC is facing some resistance at $9k which is perfectly normal since round numbers usualy serve as a psychological barrier, and this was the point of rejection we had on the last attempt to change the bear trend.

On the 13-03 bitcoin hit a low of $7.3K and then tried to change the trend and even got 3 green days in a row, with nice gains, but it got rejected at $9k all the way to $6k. So a move above $9k is very important in my opinion. If we get rejected again, I'm afraid we will probably enter another big decline. No reason for that to happen though, so let's stay positive.

I strongly agree to this, even if there where left and right punches of negative articles regarding cryptos and specifically bitcoin, it managed to rise up from $6k value and even if it got rejected after touching 9k its normal, what goes up, goes down as well Cheesy, still being positive is the best thing to do as of now Cheesy