Quote from: Don Pedro Dinero on April 28, 2018, 07:27:34 AM

Quote from: Pursuer on April 28, 2018, 07:16:14 AM

Quote from: Loveboard on April 28, 2018, 06:49:35 AM

We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion.

maybe something like this happened only once in the past 9 years but any other time the exact opposite is happening. meaning if stock market performs poorly, the investors start looking elsewhere to make profit so they take their money and invest it in bitcoin making bitcoin price rise even faster.

ignoring all that, we have already had our big bear market with a HUGE drop. there won't be any more drops. and now the trends has also reversed so there is not even a sign of drop to be seen! all the signals are pointing to a rise.

(there is something wrong with that link by the way)

Yes, but I think for the moment we have found a resistance at around $9,300-ish. If we break it, I believe price will skyrocket as we will pass the psychological $10,000 mark.

As for OP, past behavior of the market isn’t useful to predict future behavior. We can see some regularities while interpreting the past, but especially in this field, we can’t make accurate predictions.

I still think the resistance is at $10000 not any lower. there is currently a nice accumulation phase going on and with it there will always be some light FUD going on to try and push the price down a little more so that they can fill their lowball buy orders that they placed below $9000 level. otherwise they will continue buying above it until the breakout occurs.