Quote from: Hobo66 on August 27, 2018, 06:28:58 AM

Quote from: First77 on August 08, 2018, 04:09:11 PM

Quote from: aqila baruroh on August 08, 2018, 04:06:49 PM

I was very surprised to see the price of bitcoin falling like a rock, the price of bitcoin has dropped from $ 7200 to $ 6500 in a very short time. I hope this is all over soon.

bitmex CEO said "bitcoin will reach 5000 before it will go moon"

We are not expecting the price to decrease more, I think that bitcoin price is getting a very good support at that price and that is the reason that we are not expecting anymore decrease in bitcoin price.

We are not expecting anything. The market can decide to do as it pleases anytime. We may be seeing this as a very good support, and since the chart pattern shows a falling wedge which is usually bullish when it gets to break out, we still cannot state categorically if we have hit the bottom or not. As long as $5500 to $6200 is holding up as a strong support, we must conclude that we have already tested the bottom and no more further falling down will be possible unless otherwise earth breaking negative news hits out.

What I can see in the market currently is just mixed feelings and the market trying to decide where to go next, but for what it is worth, the signals may be bullish, but we both know it is not the first time signal ended up failing.