Post
Topic
Board Economics
Re: Bitcoin is heading back to $6k
by
BrewMaster
on 23/04/2019, 13:55:22 UTC
Wow, the bitcoin is very bullish today.
It appears the bitcoin price is heading back to $6k.
although i already have a topic about the fast rise (aka FOMO) and i believed it will be like that but this doesn't seem to be a fast one to me. it seems mostly like the 2015 rise with a slow and steady rise without any back tracks.
so $6k will happen but it will take a longer time like a week instead of in a couple of hours.

Quote
The entire cryptocurrency market adds about $12 billion within the last 48 hours.
that is only because bitcoin price went up and although all the altcoins got dumped today, they still are being reported on coinmarketcap against USD which doesn't make sense for 80% of them. as a result that unimaginable supply multiplied by the small rise creates a fake total market cap.

Quote
    * BTC Dominance = 53.02% - Up(0.4%)
that means absolutely nothing Grin