Quote from: bearexin on March 01, 2020, 03:27:19 PM

Quote from: Abdulowad on February 25, 2020, 09:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

I dont know about this for sure, but dont forget that there was a time the price was at $6000 to $7000 and it remained stable and kept circling around these two prices until it managed to break through it after a long time before going for this $10,000 and falling back again.

So, I dont think its capped on $10,000. The price dropped down to $8,000 and yesterday I can remember seeing the price around $8,300 and after that the price moves up to $8,600 and just now it has topped up extra $100 and is currently at $8,700 plus. Its not going to stop there, it will still continue to increase and will keep going till it reaches a high price.

It's much better to keep the barrier at $8k to attract more new investors though the possibilities to fall harder is just around the corner. Weak holders are being played by the whales and if they can managed to create more dumped the possibilities to attract more selling pressures will take place. It's now between real supporters and those who are just trying to ride without proper knowledge. We will continue seeing fluctuations as nature from this industry still unmanageable to stick with the current position.