Post
Topic
Board Speculation
Re: Settled at ~$6400 for now?
by
Pursuer
on 09/09/2018, 09:45:22 UTC
Yearly is a good way to check if the price of bitcoin increase or not but this time I think we will stay around $6k to $7k this is just my speculation but since bitcoin is unpredictable bitcoin price can be increase more than what I expect.

i still think there is a fear in the market about ETF rejection which is weird but it exists and it is making people want to wait. additionally this feels very much like 2015 the more we go on, as price hit the $200 bottom and people were giving up on bitcoin and going away with most people thinking bitcoin is dead just because it is not rising up fast anymore. but behind the curtains it was being accumulated by the "wise money" while being at the bottom.

I think that's already priced in.

it is but it still is keeping investors away from coming back. for example if you look at the volume and the way bitcoin price is moving you can see it is not natural anymore. the volume is low and the rise and falls are stuck in a certain state that it rises slowly to the top of it and then is dumped into to suddenly crash down as if someone is taking profit in short term pushing the price to the initial level (bottom) to rinse and repeat and increase their wealth.