Post
Topic
Board Speculation
Re: No change in bitcoin price for 24 hours
by
timerland
on 14/06/2018, 20:16:55 UTC
Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.

Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..

There is nothing wrong that happening.

Prices usually will move sideways instead of anything vertically just before a major change in the market comes in, whether that's a pump or a dump. And seeing bitcoin moving between a small window and consolidating is only normal.

However, due to the fact that the $6.7k support has been broken, don't expect the prices to stay put for too long. The market should continue its pattern of dipping soon, and especially if $6k support is breached, be expecting an irrational panic dump.