According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.
I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.
All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon.
I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.
All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon.
I don't considered a few days duration of price increase as stability. It's a good sign but still can be spoiled.
Lots of times that a certain target for let's say $6,000, $7,000, $8,000 etc. are being speculated to happened and the basis is the current price movement, Im not really like that since how can we take this as basis. Let the price move as it is because even how good speculation is, it can be ruined once a certain situation happened like hacked exchanges, sudden price decrease that can trigger the others to dumped also etc.
Surely bitcoin price will breached again the $8,000+ price level but for when, no one knows so better just watched and don't mind finding a technical analysis about it.