Quote from: jhonjhon on March 04, 2019, 12:51:48 PM

Quote from: orions.belt19 on March 04, 2019, 05:20:32 AM

Quote from: Kevin77 on February 27, 2019, 11:28:23 AM

Quote from: gabbie2010 on February 27, 2019, 10:29:42 AM

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.

I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.

It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.

There is no worries if we don't see huge pumps this year, seeing the market moves slowly may good enough but it much better to surge it high even reaching into $10k. It pretty sure everyone will recover those losses happen last year. We don't just focus on the possible bull run returns but to accept of what the market have shown us for now.

It is a sign of correction and I also think that this is for the good of the market because of sudden volatility, and manipulation from the whales, And we can say that the bear is still dominant right now all we need to do is just wait for the sudden movement and I really think in this kind of downward movement of the market, I think for the community is to let their bitcoin to just sit it on our wallet, so the market would not really move down so much.