Quote from: Pursuer on May 30, 2018, 09:48:42 AM

Quote from: palle11 on May 30, 2018, 08:56:58 AM

This is the breakout that will lead us to $8,000. I think the market is going to witness a new era to bull movements. I was actually expecting the spike because the market has been over sold since weekend. Whoever did not invest now is likely won't have a chance to buy low for a longer time.

I wouldn't jump to any conclusions if I were you. what we had is just a small recovery, just like when a correction happens after a fast and big rise, this recovery is also because we have had a fast and huge drop.
there also isn't any signs of a bull market movement as of yet. we may or may not see $8000+ but until I see $9500 and the breakout above $10k I would say we are in a bear market.

Movement would really be just on minimal range and its not really realistic to think that we would able to hit up even 9k usd price on easy way. We did able to see btc to rise its price on 7.5k which its already a breakout on a resistance if we do try to look out on Technical analysis but we do always or normally see a pullback when theres a small bump and now we are seeing decreasing on price again.If this kind of movement will continue until the 3rd quarter then its possible it will go through the end or rest of the year where we do see bears.