Post
Topic
Board Speculation
Re: BTC Struggling to Reach Over 9K
by
gotminer
on 27/05/2018, 23:54:10 UTC
https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team
Today the price reach the highest at 9639k I this price is still a good price movement. One more day to and it will be May. Im seeing greenier pasture for May, the positive price increases is a good hint that May will do much better for the price up trend. I dont agree  term struggle because I think the down trend was a reasonable drop after china had announce the banning of bitcoin early this year.. It was an expected reaction from the market for especially that China has been a big player in the cryptocurrency industry. The lost of such big player vould really create havoc such as what weve experienced in the past 3 months. Now the market is recovering well and we are hoping that it will continue to reach new heights in price!

I guess when it reaches the psychological mark of 10 thousand, it will start the fastest run. Do you remember the end of 2017? It was something like that.

It's not all about TA, but if you're looking at that, we're in for a bumpy next few months.  Hoping not to dip much below 5k.