Quote from: richardsNY on July 26, 2018, 06:10:23 PM

Quote from: Harry1v on July 26, 2018, 04:00:37 PM

The gap between $8,400 and $10,000 is not very large, but it reflects the confidence of the market. So $10,000 is a breakthrough for the market.

If we happen to reach that level, we won't be able to keep it up for a longer while. Current increase isn't what people think it is. An approved ETF means we still might have to wait 7 more months, which is a very likely scenario with how slow the SEC is when it comes to crypto. Them approving an ETF will make Bitcoin stronger and more valuable in the long term, which understandably isn't something authorities are willing to contribute to. Caution is the most important thing to focus on with how fragile the market is, an approval won't change anything in the short term....

I believe the $6000 bottom will hold (well if not exactly $6000, the around that $5500-ish area, because that is the actual bottom). So we would be looking at a quadruple bottom scenario... pretty crazy, but this is Bitcoin after all, I think it's plausible.

If all this hype has been due ETF and it doesn't hold, I guess we may actually test these $4900 predicted resistances by some bears, but at this point anyone that isn't a total retard is aware of how cheap Bitcoin is, I would be surprised these ranges last. I would start buying as much as possible monthly at these rates, I mean it is insane. Bezos' fortune is bigger than Bitcoin and some people argue Bitcoin is overrated.