Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.
Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?
Bitcoin price right now is $110400.
$107000 seems like a strong support but not unbreakable. It's been more than 2 months since bitcoins are trending above $107k and maybe that's what drew you towards the conclusion but I really think bitcoins might touch $101k before pumping again. There is a strong support on $101k and for 3 months bitcoins have touched $101k and pumped right after that. Is this trend continues, I see bitcoins battling $107k for maybe a month or two and will show us some stable moves.
I miss those days when bitcoins really very quite volatile and would used to make sudden moves. But right now, seems like they love to go stable securing all the investments, mostly with futures.