Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is facing a pullback ?
by
Xester
on 26/04/2018, 12:29:34 UTC
Bitcoin rose to $9,767 on Bitfinex yestarday - the largest amount since March 12 - before falling back to $9,100. As of composing,BTC is changing hands at $9,125.
The 6.8 percent drop from the intraday highs signals bullish fatigue close to the step by step rising. Moreover, the 4-hour diagram beneath indicates scope for a more profound pullback ahead.

It did not stop with $9125 but it continuously dropped to 8800$. People are again panicking since they thought it will go back to 6700$. But looking at the charts the drop of bitcoins value is just temporary, in just a days time it will go back up to 10k$. So let us not panic and just trust bitcoin and as long as you  hold on to your bitcoins you will not loss but will have another opportunity to profit when it rises again in value.