Quote from: Maestro75 on August 29, 2019, 04:37:47 AM

Quote from: Distinctin on August 28, 2019, 10:49:06 PM

Quote from: Iykecollins on August 28, 2019, 09:46:59 PM

Currently the bitcoin market is bearish and we do not know how long this could continue, it is wise to get out of the market at this point and hedge in usdt or any other reliable fiat. I hate to trade at such conditions, we may get as low as $7500 at this trend

No, we will likely to see over $10K again, my observation says that when bitcoin drop below $10K, it did not continue to drop, instead, it's going back to $10K again. More likely what we are witnessing now is not a bearish movement but just a normal price fluctuation between that range.

Current price of BTC now is down to $9700, but I know this would not take long and we will come back to $10K again, that's based on the previous trends this month, so hopefully when it come back again, it will come back strong and will once again trade at around $12K-$13K.

All we can do now is just hope the recovery of bitcoin will continue and will give us a good price by the end of the year.

Am also bullish on bitcoin, no matter the current market price now. To tell the truth I see it hitting a fresh All Time High this year. Am optimistic about this and having check predictions from experts, I believe this to be true.

This is quite ambitious, but still can be true! Will see!
Technically, based on the analysis of chart patterns, we can achieve an all-time-high this year. Everything depends on how powerful and steep an upwards trend is going to be.