I have seen it dip below to the $7995 mark now. So it has touched $7000s slightly.
It seems to be a trend now and likely last for months onwards.
It seems to be a trend now and likely last for months onwards.
Yeah it dipped at $7995 but quickly recovered around the $8000 mark. But its a big struggle again, looks like lots have in panic mode and selling their hard earn bitcoin. For most of us, nothing to worry as this year alone we have seen worst situations before so I don't think that it can push the price further @$7000.
No one can tell us if the price will go back to $7,000 again, just keep updated to the news in order for you to know what can possibly to the price on the next coming days.
That was true, being much active and updated not only in news but in actual movements in the market will be the best things that we can kept so we can be much aware to the fluctuations of bitcoin. Whether it's dumping or pumping it's non sense if we are not be continuously updated into it. However, at all times we just be the same because we cannot predict it's exactly value that can be until we will see it in the present time.
I'm certain it's not really about news and such, it's the big companies that are moving the market to liquidate those who are shorting/longing, to win the most(I think)
that would explain why we can hover around a price, then suddenly flash dump, then up again..
https://twitter.com/bitmexrekt
I'm only not certain about big companies are liquidating as this time. There's no point in time to do that because the price is not ripe for it. Anyways, as for shorting, yes, this has been the trend and this strategy works perfectly in a bear market, however, I doubt that big companies is involved as what you are trying to imply.