Quote from: rainezerr on September 08, 2018, 10:09:03 PM

Quote from: cellard on August 11, 2018, 05:32:55 PM

As we approached sub $6k and actually hit $5.9k... we see another huge pump to $6400. Impressive, a $500 dollar move up just like that, on a single candle. Someone bought a pretty decent amount of coins.

The theory of how that $5k-6k price range is the diamond solid ground in which miners will never let bitcoin go below is shaping up. Governments want to take the price down and tank it so they can buy it all but someone (maybe rich miners and other whales) keep using that range as the reverse point. Let's see if it holds. We have touched this same point so many times that the theory might be right.

We can absolutely expect for a huge pop up again due to the market price that is currently dropping and that is the reason why we should invest today.

Well, the good thing about a price drop is that it gives another chance for investors to take a chance to buy and see if there would be enough demand to push it back higher. For what it is right now, nothing is guaranteed and even though we might bet to see some pretty good movement in terms of price in the short term, it still does not change the fact that bears can still act at any point.

We would only be able to see this come to an end when we certainly start forming higher highs and lows, but for now, we arent even there yet. So, people should stop expecting a huge pump like what happened last year; this is a market with totally different condition from last year.