Post
Topic
Board Speculation
Re: Bitcoin Price and Binance
by
Distinctin
on 19/05/2019, 06:51:16 UTC
How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

It will continue to move up. I do not think that price going up is even connected to Binance limiting withdrawal. The price is already on a bull trend even before Binance was hacked and limited withdrawal. The fact that the price is back to $7500 is proof that Bitcoin has a strong uptrend right now.
Price to be back up $8000 soon, price currently is $7900 and I am not seeing any hindrance for it rising to a higher level.
The market is bullish, so whatever bad news will not affect it's status, maybe it could result to dump, but it's all temporary as the bullish trend continues, so price will easily recover. It's good to invest now, not only Bitcoin but also good altcoins as well, and BNB is one of the best in alts market.