Quote from: justspare on June 01, 2019, 08:25:50 AM

Quote from: Ozero on May 31, 2019, 04:54:02 AM

This can happen with almost the same probability. It may rise in price to $ 11,500 next month, or fall again to $ 8,000, or even lower. After a slow growth today, bitcoin fell in price by almost $ 500 compared with yesterday. However, in a few days, he can again rise even higher than yesterday's mark. This is cr ptataal

From my little study of bitcoin for the past 2 months, I think it has become an habit for investors to always sell of temporarily when price surges a little which make the price dump, and then I realize that they buy back which pushes the price further and above, I think this has become a norm now, which means this little retrace will bounce back soon to give further strength for it to push above $9000.

If within the next few days bitcoin can increase above that, then I will be sure that before the end of June, bitcoin value will rise to $11500, but for now, I would not want to predict yet what will happen after bitcoin gets to $11500.

It's true. When btc hit 9000 dollars it suddenly came back to 8300 dollar again. A kind of panic selling happened on that moment because we were reaching a price zone where we haven't been for too long. But we can see bitcoin is strong because after one day it was already rising again.
The market wants to hit 9000 dollars once more, now with less panic and fear. If bitcoin is able to rise 500 dollars on a consistent basis every month it's good enough.