Quote from: sixtyonefourfive on July 11, 2019, 08:16:09 AM

Quote from: michellee on July 11, 2019, 08:13:54 AM

Quote from: Prateek_sharma on July 11, 2019, 05:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course, it will recover. I am not too worry. It seems, bitcoin already makes the correction for the price and now, the price trying to increase again. But we still at a low price than the last higher price and I hope it will be back to the higher price in the next weeks. If you already saw what is happening in a few days ago, bitcoin can increase in a shortly and now I think the situations is almost the same as before. So we have the opportunity to see the bitcoin price will increase.

How can you say that? a double top on the bitcoin chart is an extremely bearish signal. This means bitcoin will go lower and altcoins will now rally.

I am not sure if the price is at the bearish right now although the price is still at the low price, same as yesterday. But if you check on the chart, you will see that the price trying to increase, and I think we will going to see a new higher price in the next week. But if the price is going to go down again, then we will see the price will reach the bottom and then it will bounce again.