Post
Topic
Board Speculation
Re: Bitcoin is taking a breath
by
el kaka22
on 02/05/2018, 06:02:10 UTC
This 9k barrier is the only hindrance but once we break through this I think we will have a continous ascending of price. Many investors are still reluctant and careful that this rise maybe a trap or could go down in a blink but i dont think this is a trap this is actually a good sign that the cryptocurrency is booming and going for a lively market.
Looking at the impulsive nature of the movement, it is just simply a correction which I believe as it is, we should not even be scared about as we will definitely go test the $10k spot from there since we actually hit past the $9000 already towards it.

After this corrective movement, we should get to see another momentum build up for that and by then, I guess we should have some pretty good fun however it turns out. Consolidating periods are usually launch the market toward next big bull rally. If we read the charts, we can find such zone happening well before any big bullish movements.