Ninjastic
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Re: Bitcoin prices are being settled to explode ?
by
romero121
on 29/01/2019, 13:49:40 UTC
Quote from: gabmen on January 29, 2019, 01:26:57 PM
Quote from: davis196 on January 29, 2019, 12:16:57 PM
Quote from: sudeshkumar on January 17, 2019, 01:37:41 PM
From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Your theory is kinda stupid. Grin
The prices aren't waiting for anything.The whales are waiting,which leads to all the other traders waiting.
The market is waiting and this helps the bears,because if they start mass selling btc,the price will go down for sure.

Yeah, it's more of the other way around and as we can observe with what's been happening the last 48 hours, it's by far not going upwards. We may yet see another new low since the 2017 run. A stagnant movement in a price this low can take the guts out of potential new investors.
In the past the price of bitcoin has exploded and grown high after stagnation of price. This time too the same can happen, for the past few hours the price have been growing forward. The price of bitcoin has grown forward, following the same almost each and every coin have moved forward getting indicated in green. If there is no more gradual growth then once again it'll come back to a stagnation point which seems to be within $5000 following which the growth might proceed.