Quote from: slaman29 on June 03, 2020, 08:05:47 AM

Quote from: michellee on June 02, 2020, 08:58:37 AM

It is not easy to predict this time because bitcoin still at the search for a stable position at $10k now. But if there is nothing bad happen out there, bitcoin price can increase, and I guess that we will see another bullish trend for bitcoin. Or maybe we will see another correction for a while before the bitcoin price increase, and I hope that we don't feel surprised if the price is down deeper below $10k.

And I guess that stable position is impossible to keep. It looked like it would break out (well actually it did break out) and then suddenly got the dump, on some exchanges even to 9200. Looks like we are really going to have to fight tooth and nail to break and keep above 10000!

Maybe if the price stays for a while at $9,600, that will be the stable position although it will up for more than $9,600-$9,699, but that will stay at that range price. Yes, we will see a fight to break above $10k, and we still have plenty of time to see that will happen later. The important is we can be ready for the coming so we can make a profit later. But we know the price can increase, and now it stays at $9,700 level.

Quote from: hulla on June 03, 2020, 10:07:02 PM

Quote from: michellee on June 03, 2020, 05:35:28 AM

Unfortunately, bitcoin price has got a big dump in a few hours ago, and I guess that makes people panic because they don't expect to see bitcoin price is down deep. The panic happens in my WhatsApp group Grin

Some of my friends don't think that bitcoin price will go down. But it was back to $9,400 level, and that is happening now. So that is why we need to still be careful in the next few hours, but we also need to prepare if the price can bounce to the $10k again.

To be sincere, i expected the price of bitcoin and altcoins market to dump because the last bitcoin halving is yet to effect the market price and the reason for the suddenly pump in price of cryptocurrency market was the $50 million worth of Stablecoin which was used to accumulate BTC.

Maybe it will dump, but we don't know how deep the price will be a dump. That will be the best chance for us to buy more bitcoin, and I am sure that people will use that time. I am curious how much the price will be if the dump is coming, but I don't expect to see the price to go down below than $8k.