Re: Bitcoin Analysis 1st August 2018 | Going Bullish Or Bearish?
Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.
Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?
Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?
Not really something that we can predict with the current lack of information we have. It's too hard to know when the market is so uncertain. We can only say that it will hit 20k after it has pushed through 10k. So it could be a way off. Unless we get some good news, like
so far we have had a couple of very strong bullish news in the media like the New York Stock Exchange opening up a bitcoin exchange and Microsoft and Starbucks adopting bitcoin. but we still haven't had that bullish signal which is going to be noticeable on the charts and in the price. but also there is not a shred of bears in the market anymore they are all killed and their skins are being used by the bulls now 
which to me seems like really good news. But to the market? Not really. So that's just the way it's behaving right now. Stubborn.