Post
Topic
Board Speculation
Re: Bitcoin price is in a downtrend, will it last long or temporary?
by
Quidat
on 05/10/2021, 22:43:16 UTC
The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?
Now we are already past on 50k resistance and now on the current price of 51k.We cant still sure if this is already some fake bullish movement but it isnt really bad to make out some selling opportunity for those
who had bought cheap on last yeeks because this is the best time on doing so unless if you would still risk on holding for more possible profits.The trend is somewhat having some shift considering that
we do have some good increase on this week but its not an assurance that we would be seeing some continous behavior.I havent seen any reason or news on why we are reaching this far.