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Topic: Bitcoin Analysis 1st August 2018 | Going Bullish Or Bearish? - page 5. (Read 437 times)

newbie
Activity: 23
Merit: 0
If bitcoin market is in correction mode than its good sign for upcoming days also price decrease is possible because of ETF rejection. but this will not decrease much because of Support area also we can see in upcoming days bitcoin will touch $10000 but invest only which u can afford and main thing when we enter in market and exit.
jr. member
Activity: 163
Merit: 1
In my opinion, bitcoin will grow up, but not coming soon. it play between 6000 to 10000 until new money be injected into the market.
legendary
Activity: 2520
Merit: 1496
Can someone explain this situation in the previous 2 weeks - when Bitcoin goes up, alts goes down. This week bitcoin went down, same does the alts... Hope that will not repeat this month.
legendary
Activity: 2702
Merit: 4002
In my view, what is happening is resentment due to the bad news from ETF, which may continue until the middle of this month, rather than a healthy correction.
Maybe this decline will continue, but I do not think it will keep to the $ 6000 levels.
The middle of this month is the breaking point if there is negative news, maybe we will not see $ 20,000 this year.
Panic is not necessary for this stage, whatever news, it will affect in the short-term.
newbie
Activity: 28
Merit: 0
Yes, thanks to this increase, the total value of the world once again is close to $ 300 billion, according to Coinmarketcap.com. Bitcoin prices are still 60% lower than last month's peak of $ 20,000. Bitcoin prices and other numbers have reversed this month.
newbie
Activity: 21
Merit: 0
Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.

Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?
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