Post
Topic
Board Speculation
Re: Bitcoin price surged to $9,751
by
el kaka22
on 08/07/2020, 20:04:16 UTC
Bulls back in charge! Bitcoin price surged to $9,751. Bitcoin flirts around $10,000 as the bulls struggle to gain control. Will the bulls rally towards $10k?
unfortunately it didn't last too long, the bears returned to action and the price of Bitcoin plunged to $ 9000 this time,
it looks like the bears will take over, be careful

We are seeing some kind of volatility today. Bitcoin is unpredictable after giving a sign of further down move today but price have gone up to $9400 today. Who knows how it will close for today. It has not given a clear signal.
Yeah, it is going back to $9.4k levels and that is quite important for us as well, because we have been doing the same price for a long time and it wasn't profitable for a long time and the volume started to drop as well as liquidity as well because people didn't really cared at all. So, I would say that bitcoin is actually doing quite good not for right now but actually for future as well.

All of that increases means that people will eventually go back to bitcoin trading and even if it drops after a while, that means movement and when people come in and make those movements that means there is a bigger chance that we could see higher prices once again. I am hopeful for not just a higher price, but to see volatility in order to see people actually coming back and increasing volume as well.