Post
Topic
Board Speculation
Re: bitcoin market recovering ?
by
azguard2
on 14/05/2018, 14:58:17 UTC
I don't call myself an expert but I think I can read charts a bit accurately and what I have found is that the uptrend is still not confirmed. We might have broken the previous lower high but still bears are in the control of the market. We might see a couple of 7k before we bounce back above 10k. Moreover whales still control the market so any whale can dump his holding and we can see a market crash. Even the MT GOX fever is not over until now so I think we have to wait for sometime before market recovers.

They always control and make price as they see fit for them. If they want to buy they will lower it and opposite when they sell. For recovery of the market and MT GOX funds seem someone is making some bigger movement and trying to lower the price as much as possible, this is off course my point of view. Think that after all this is sorted price will come to above 9500 in price.