Post
Topic
Board Speculation
Re: BULL VS BEAR
by
Getmon
on 03/11/2019, 13:30:12 UTC
Well we went bullish last week or so, pushing the price of bitcoin to $10k some exchange. But the problem is that it was not sustainable and majority thinks that there could be some whales manipulating the price.

So currently, I would say that we are still in the bearish trend, not unless bitcoin broke that $10k, maintain its position and not being rejected again. So let's see how it goes, the uncertainty of the market is really hard to predict.

Overall, we are neither on a bearish nor a bullish condition. If we fall from $9,000 that might be a sign of bears coming. But we are surely knocking on the $10,000 wall again and test if we can break it. We have entered it quickly but rejected after a very short while. In the coming days, Bitcoin will do that again. If we can enter that up to $10,200, I guess we can consider the $10,000 resistance wall pretty broken.