Post
Topic
Board Speculation
Re: Bearish again? (Back at $5500)
by
PaulLines
on 21/08/2018, 10:02:57 UTC
And it looks like the trading would be around $6K-$6.5 and the big mental barrier is $7K. I like what I'm seeing though, we might be seeing another sideways for a few days, and probably consolidating in order to get to the new phase, which is $7K. Might be a bull trap again?  Cry Remains to be seen.
I think that 7k is not a big  psychological barrier for bitcoin investors. Bitcoin price can easily cross that level may be in next 24 hours. I think that the big barrier for bitcoin price is 10k which I think can cross but after entering some good news in the market.