Post
Topic
Board Speculation
Re: What is happening to Bitcoin?
by
Baofeng
on 19/09/2018, 20:01:13 UTC
Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?

That's why you call price fluctuations. I'm sure that this is not the first time that we have witnessed this trend, Also if you go around the forum, there is this theory that investors won't let bitcoin go below $6K because its like the cost for miners to continue do their thing. If he price goes below, there's no more incentive for them to mine. Or perhaps someone is setting a bull trap again, especially for noobs and casuals traders out there so be careful. I'm not totally sold of bitcoin getting into a bull run zone.