[2017-03-28] Markets Update: Bitcoin’s Price Back in the 4-Digit Territory

Qartada

hero member

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Quote from: dntqwp02 on March 29, 2017, 09:40:34 PM

I think it has made a decent recovery, but I can see it consolidating for a couple of weeks while iit gets its breath back before taking on the $1100. If it makes a floor out of that number then all looks positive. If it has to bounce a round for a while then we just have to be patient a little while long.

There needs to be some actual reason for the price to rise, it just will not rise loads when there is reasonable pessimism about the future of Bitcoin.

dntqwp02

sr. member

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I think it has made a decent recovery, but I can see it consolidating for a couple of weeks while iit gets its breath back before taking on the $1100. If it makes a floor out of that number then all looks positive. If it has to bounce a round for a while then we just have to be patient a little while long.

TwoTimes

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Last week the price of bitcoin was trending downwards as bears controlled the market, pulling the price down to a low of US$920 per BTC on March 25. Currently, bitcoin’s value is once again ascending upwards over the past 24-hours reaching a high of $1068.

Bitcoin markets have been interesting to watch this week as technical indicators had shown much of the week was a seller’s market. The volatile price of bitcoin during the seven days dropped to a significant low breaking the psychological four digit price point. However, the downturn didn’t last long as another upward trend took bitcoin back above the $1,000 range on March 27. At the moment bulls seem to have found new entry points as buyers appear to be breaking resistance towards the $1,100 mark.

Read More Here >>> https://news.bitcoin.com/markets-update-bitcoins-price-4-digit-territory/

Topic: [2017-03-28] Markets Update: Bitcoin’s Price Back in the 4-Digit Territory (Read 254 times)