Post
Topic
Board Speculation
Re: BTC falling like a rock
by
Phenoca
on 17/05/2018, 19:40:23 UTC
Not sure why the price fell below the daily average and weekly average. I assume demand is increasing on a weekly basis and I'm willing to wait-out any crash, therefore I'm buying very aggressively right now.

There is no support/buyers for Bitcoin at $10,000. it is the "panic price" for traders cartel/gamblers since buyers at $6,000 will sell Bitcoin.   Grin
Indeed. If bitcoin breaks $10k and holds, I expect it will be from a gradual increase instead of a sharp spike, since the market first has to absorb the volume from investors who plan to dump at $10k.