Bitcoin Drops Below $12K After Biggest Daily Price Move Since January 2018 - page 2.

didzi

sr. member

Activity: 1092

Merit: 250

Hodlers Network

Quote from: almiani on June 27, 2019, 11:00:31 AM

I see that it is a reasonable correction, because if it continues to increase it will be worrying and will make the market unhealthy, I see there will be an upward reflection for BTC before moving stable

yes, maybe a big whales taking their profit now,, so the price down hard
but, in my analysis the price of bitcoin will not go under 10K USD my friend

Coroline

sr. member

Activity: 1092

Merit: 256

Quote from: CryptoGirl7 on June 27, 2019, 09:56:40 AM

View
- Bitcoin’s price volatility, as represented by the daily trading range, jumped to a 17-month high on Wednesday.
- The cryptocurrency has dropped from $13,880 to $11,200 in the last 15 hours and could slide further to $10,000, according to the bearish setup on the hourly chart.
- A possible falling channel breakout on the hourly chart would open the doors to a retest of Wednesday’s high of $13,880.
- The outlook on the long duration charts remains bullish.

Read more: https://bitcoin2day.net/bitcoin-drops-below-12k-after-biggest-daily-price-move-since-january-2018/

not new about that people will think of selling bitcoin when they see the price of bitcoin down to the figure of 11k $ maybe tomorrow will reach 10k $ and maybe it will return to 13k $ I think that is just a correction because lately bitcoin hasn't corrected staying calm

almiani

full member

Activity: 476

Merit: 100

I see that it is a reasonable correction, because if it continues to increase it will be worrying and will make the market unhealthy, I see there will be an upward reflection for BTC before moving stable

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: CryptoGirl7 on June 27, 2019, 09:56:40 AM

View
- Bitcoin’s price volatility, as represented by the daily trading range, jumped to a 17-month high on Wednesday.
- The cryptocurrency has dropped from $13,880 to $11,200 in the last 15 hours and could slide further to $10,000, according to the bearish setup on the hourly chart.
- A possible falling channel breakout on the hourly chart would open the doors to a retest of Wednesday’s high of $13,880.
- The outlook on the long duration charts remains bullish.

Read more: https://bitcoin2day.net/bitcoin-drops-below-12k-after-biggest-daily-price-move-since-january-2018/

This is what i called that as a correction, the bitcoin has already tested above 13k rate and this time it's the time for the speculators to take a rest and waiting for the next momentum to pump the bitcoin again.
It looks like the barrier is so strong and so many people are willing to buy bitcoin right now.

janggernaut

legendary

Activity: 2366

Merit: 1130

That's the risk if you have bought bitcoin at the peak. When it was down from 11k, many people thought it will back to 10k or even lower, but after passed 1 day, the price keep increasing and reached $13k. People are also thinking if it would be hit $15k but sadly, it's down to 11k now

CryptoGirl7

newbie

Activity: 15

Merit: 0

View
- Bitcoin’s price volatility, as represented by the daily trading range, jumped to a 17-month high on Wednesday.
- The cryptocurrency has dropped from $13,880 to $11,200 in the last 15 hours and could slide further to $10,000, according to the bearish setup on the hourly chart.
- A possible falling channel breakout on the hourly chart would open the doors to a retest of Wednesday’s high of $13,880.
- The outlook on the long duration charts remains bullish.

Read more: https://bitcoin2day.net/bitcoin-drops-below-12k-after-biggest-daily-price-move-since-january-2018/

Topic: Bitcoin Drops Below $12K After Biggest Daily Price Move Since January 2018 - page 2. (Read 320 times)