Quote from: Ganbound on October 15, 2018, 10:17:24 AM

Quote from: chickenado on October 11, 2018, 01:46:51 AM

Quote from: exstasie on October 11, 2018, 12:29:47 AM

There's two major theories here. One is the bearish descending triangle. If it breaks down, most traders are aiming at the $2,000s or $3,000s.

The second is a rising bottom. Here's one example of a Wyckoff accumulation schematic:
https://i.imgur.com/w7zhUFK.png

We need to see a sign of strength (SOS) to confirm. And if we do go that way, I don't think it'll be a bull run like last year. No ATH expected. I think it'll be a mid-term rally that tops near the $10K or $12K resistances, or maybe a bit higher.

I think the price is quite stable as of but what I have seen is no major set back but maintaining its level and not showing sign of strength, If you compare it from last year until you cannot predict because as we know bitcoins price is very volatile, anything is possible.

The best think in my opinion is to analyze the current market and observe the current market trend and peoples trust to decide the future price. Investors are not interested in bitcoin anymore because they have lost lots of money in the start of this year and from that time the price is not increasing. Now how is it possible that the price will jump to $20000 till December?

I dont think that the price would ever down to $2000 or $3000, because this price will greatly affect mining process. There is no big profit in mining these days because of the low price and if the price downs more miners will stop mining because of lose instead of profit and nobody is here is for losing his money. Everyone wants profit for his hard work.

arinalwa

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