Post
Topic
Board Speculation
Re: Bitcoin's price break 5700 USD, is this uptrend or bulltrap?
by
StarofBTC
on 08/05/2019, 11:02:26 UTC
Its wind of change which we are all been waiting for. For a long time now people have started giving up on bitcoin but let us hope this price will consistently bring about a uniform rise in other strong altcoins as well. I will like to see ETH breaking that $170 resistance and move to the next level hopefully.
The people who gave up on BTC already left. The ones who believe in the king of the crypto market continue to trade it over the long term. This is no bull trap since I see this as perfectly organic growth spurred by positive news from every direction.

ETH will cross $170 soon and it will target $180 next.
Those people have sold their portfolios when bitcoin reached the bottom price and i have seen so many weak hands have told me if they have sold their crypto portfolios. I can confirm your answer if this is not a bulltrap consider some bad news have already published by some media but the price of bitcoin keeps bullish right now. The bulltrap has already passed in the last month and we are in the right way to go to the moon again. I have prepared my seat belt in my rocket with bitcoin. anyone with me?  Grin
So many methods the bear have used to keep pushing down the price of Bitcoin in the last few weeks and yet bitcoin keeps charging up in price, I think we are already heading straight to the point where the bulls will take absolute charge of the market, once we successfully overcome the retrace we settle finally on $6000.

I sense lots of actions arising through this value ($6k), especially actions from the bull and actions from people that will FOMO. So no more panicking for me, bitcoin movement now, is more reliable and I can confidently change some of my fiat again to bitcoin, because it is certain that more increase will occur before this month runs out.