Post
Topic
Board Speculation
Re: BTC price exceeds $10,000 on Feb 10th … on-chain and off-chain growth positive
by
Latviand
on 16/02/2020, 14:59:14 UTC
The price is now below $10,000 but the fact that it again reached such value is a good thing knowing how low the market prices became on the previous years after the all time high. It is quite a good sign that the market is slowly being back to its feet. The price is again falling but there nothing to worry , it will again rise, given that halving is approaching, changes might be observable.
Well it surpass 10k but will go again down if somoen will keep sell it, and maybe grow will continue in March.

in the mid year I guess. There will be adjustments due to the anticipated events and it might highly affect the investors which may reflect to the market price of Bitcoin so the best thing is to wait for further market behavior.
The price has already fallen and again below $ 10,000 for bitcoin. Therefore, there will be a lot of news about bitcoins that have reached the mark of $ 10,000, because I think that the price may slightly exceed it, then roll back. Now the main thing is to gain a foothold at the level of 9800-9900.

We are below $9,800 now and it is still falling at the time of writing. Though I'm positive about Bitcoin, there's still a slight chance that what happened in October 2019 might happen this time too where Bitcoin reached $10,000 and still fell $8,000. The halving is near (As my source say, this May) and I hope that this will be the driving force to go beyond $10,000.

This just shows the nature of Bitcoin volatility and how fast price can change. Temporary price rise doesn't mean continuous growthw and corrections are possible at any moment.
Currently price pulled back with tendency to go even lower. We can see that price stayed in a range of 10000| for a very short time so don't make big plans yet.
The good thing is to see the brighter side. The price indeed fell but the fact that it is not that deep, we should still have our hope to the future of its market price for this year.