The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?
Bitcoin price has been moving side ways for the past few days. It may dip a little to below $6,000 but it will rebound to $6,300 and move side ways again. Day traders can make a lot of profits for this price movement specially those who are very much familiar with charts. But for us holders, lets just wait for the end of Chinese Ghost month and lets observe if price will jump back to $8,000 or perhaps back to 5 digits again.