Post
Topic
Board Speculation
Re: Bitcoin won't surge past 11k, your thoughts...
by
barbara44
on 14/02/2020, 05:03:55 UTC
Bitcoins all time high of this year is all set to stop according to the indication, there was a massive pump from the last week which crossed $800 in a week was really amazing from BTC. Here I will share a link where it clearly shows that BTC won't go beyond 11k. Guys kindly share your thoughts.
https://www.newsbtc.com/2020/02/13/bitcoin-wont-surge-past-11k-just-yet/amp/
Right now, price is at around $10.1k for example, closer to $10.2k , do you really think that when price moved from all the way down from 7k to now today over $10k, it can't just go another 800 dollars? That would be less than 10% increase, more like a 7%-8% increase to reach there, I doubt the price could move 40%+ in 1.5 months but then get stuck at the last 8% increase.

I am not saying it will definitely break $11k and even be $100k or something like that here, but the idea that "won't" past $11k is a bit weird since that is the more likely thing to happen compared to price starting to go down suddenly without any reason at all. I can't believe people who think the reversal of market movement is more likely than the current market movements because they feel like it.