Post
Topic
Board Speculation
Re: Great run with Bitcoin!
by
ophyrim
on 26/07/2018, 13:09:58 UTC
In the past months we are experiencing a bear trend
the "bear trend" ended about 2 months ago. you are way too late Cheesy

It all depends on the charts you're looking at. If you purely focus from last year's peak to where we are right now, you'll see a clear pattern where we constantly hit lower lows and lower highs. In order to actually jump out of this bearishly tinted down trend, we have to break $10,000 without it being a false (short lived) breakout. It's not going to be easy, but it's not impossible either. Give it time and we'll see where we go from here; don't consider the market to be out of the danger zone already.

If we dip below $6000 again, prepare for much lower levels.

the bear trend began when the drop started which was this year after at least 1 month of rise not last year where we were still rising up. and the patters has so far been with a fixed low which we hit at least 3 times and nearly the same high in $9k levels which we have tested at least 2 times and we are possibly headed there right now too.
the only problem i see with the current rise is that it is littered with ETF news so it can be affected by it greatly and that can determine the result of the current rise.

we have already dipped below $6000 multiple times and each time it couldn't last so i wouldn't worry about it that much. it is a strong support which won't be broken with no reason.
No matter what happens with the price whether a bouncy fluctuations, it doesn't give an impact to strong holders. When you knew the exact capabilities of bitcoin, it will have to reach for further potential price which will be based on it's history. With last year's run we already seen how profitable bitcoin was, so we're heading towards $9k it could have much greater potential to more than $20k. I could've predict for this year, but certainly it will in sooner time.

I agree 6k was the dip (third time). I don't know what do you need to see that 6k was the dip. Are you going to believe after another all-time-high?
We need a correction now. And during the correction, you are going to see more people who think that the price is going to see 5k or 4k USD.