Quote from: jrrsparkles on May 20, 2019, 01:50:03 PM

Quote from: posi on May 19, 2019, 02:48:42 PM

Quote from: bonker on May 19, 2019, 04:47:12 AM

Seriously we are going uptrend again and that will be the target hit right? Next level target will be $10000.

The market will always experience uptrend movement for the demand are high now but I believe you're too optimistic when assume the next level target will be 10,000 because the market need to build a steady trend in other for the market surge in price or trend to be strong enough or else will should be expecting another market correction.

Small correction happened after 10% increase in the last 24 hours but this time the prices stayed little above the last time's correction level which is also can e a sign that we are going to hit the target in few weeks.But this will be the tough stage for the new people either they have to invest or wait for the more correction on the prices.

There has been correction twice now on the value of $8k and I hope that the next one will be sustain, otherwise, investors might beginning to start panicking and seeing it as whales trap which will force them into all withdrawing temporarily, especially investors that bought around $6k to $6.5k, but if we can retest that value again and break $8.5k, then we are hopeful to leave the $8k trend within the next 2 weeks.

Like you said, I think this failure of bitcoin to quickly retest that value then really made a lot of investors hold back from further investing which it why bitcoin found it quite difficult in moving forward.