Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.
However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?
However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?
The pumps shouldn't be over just yet. Bubble is going to keep going as it seems because if it were crash, it would have crashed completely at this dump. But the floor couldn't be broken at $4600 so now we are back up to $4700.
Definitely going to retest the $5000 later this month, probably next week actually.
But i sense that people are being a lot more cautious right now than before. The profit takers are acting pretty fast, they don't seem to believe that the bubble is going to last much longer. This should be an indication that the bubble MAY be coming to an end soon.
