Sadly, bitcoin is really looking to stabilize below $1,100 and it did not retain the $1,200 levels. So far right now there are plenty of alt-coins that are stabilizing at their current levels and seems that right now is looking to be an image of what are the baselines. Well, it is still a good level in my opinion.
Sadly? I think this is pretty fair outcome, considered pretty uncertain situation we are in.
We should be pretty happy that we didn't witness crash to the sub ~$800 levels, and instead we had consolidation and recovery.
I am not sure that current price shifts of bitcoin are caused by potential fork eventuality or rather actions of Trump administration.
Ugh. Trump has got nothing to do with the price of bitcoin. Btc is too global to be affected by one country's dick taster. It's this fork thing. People panicked and sold, and now we've rebounded nicely. I'm actually surprised that we didn't dip lower. The momentum to do so was certainly there.
I think that Trump has influence on most of the markets ( because of $ ), also on bitcoin because BTC/USD price changes every time when USD or BTC weakens or gets stronger.
And that chemical attack, and US sending rockets to Syria also caused some panics on market, what could be a reason for price change.
Nowadays, we can see panic on bitcoin everywhere: many people are saying that btc will go down at least to 1000$ and they really believe that, what is not strange for me because in the times of strange events going onwards (possible fork, miners are divided).
For now price looks stable, but only one message going around the world may cause a big difference in btc/usd current price.
1200$ level is a strong resistance for bulls, we will have dip to 900$-1000$ or break of the resistance and bitcoin skyrocketing for a while.
I expect 1300$ in next month, however that is only my opinion.
