Bitcoin hitting its steady price? - page 4.

Coin_trader

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There is no such thing as stable in crypto due to it's lack of organic volume. Most of trading volume is due to wash trading of bots so there is no real strong price support/resistance.
Bitcoin ATR is ranging from 450$ to 330$ using 14 days period. So it means that the price dance up and down on that range therefore there will no stable price at all.
Unless BTC ATR go below 50$ then it's safe to say that BTC might hit it's stable price.

We are currently on downtrend and probably will visit again 8800 to 8900 area. Cry

boyptc

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It will be back there soon.

It's dropping and touched $9267. It could retouch $8900 anytime now if the drop continues. The logic is of how quick it drops, can also quick in hops and vice versa.

kawetsriyanto

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I never heard that Bitcoin will hit a steady price as the price is always volatile every time. Look at the current price, it was below $10k, right? This means the Bitcoin price is unpredictable and never stable. Who knows this will continue to $8k. So, it is clearly unsafe to claim that Bitcoin's price will be steady at around $10k. Be careful, mate!!

btc_angela

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Steady price is not on bitcoin's vocabulary. Hitting five digit is more of a mental barrier, so capping at that price is just the start of a wild swing. So I think everyone here agrees that bitcoin is not going to be steady, not that when there is FUD around, or even exorbitant predictions by those so called experts. That's why we all love bitcoin, because everyday is very different.

carlfebz2

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Quote from: Abdulowad on February 25, 2020, 04:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Steady price?
This one isnt applicable here on crypto sphere or specially with bitcoin.Price had always been volatile and its sure that it wont stay up on a particular level like forever.
We have seen swings of prices for the past months up to recent which do simply signifies that movement is unpredictable.We might see its consolidating or moving sideways
but doesnt mean that it wont pump out in a blink of an eye.

FanatMonet

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Quote from: Abdulowad on February 25, 2020, 04:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

I doubt it very much, most likely, Bitcoin is just in the time period when it is relatively stable and is consolidating at new levels, after a recent growth. So, I would not say that bitcoin has reached its limit, there is still a lot of room for growth.

jackg

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https://bit.ly/387FXHi lightning theory

It's still pretty new, steady is quite a few years away...

$10k with a $210bn market cap is pretty low for what most of us see it reaching. As said cryptocurrency is a volatile asset, it can swing up and back down. We were about 95% likely to rehit 10k based on my analysis... We could've said the same about $6k being a natural level, and then 4k and so on...

You gotta get used to not having a clue as to what this market does some days...

Kelvinid

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win lambo...

The market still in the range between $9k-$10k, we can't find it steady over that $10k in the past 2 weeks. Though there is a time that we hit more than that but that was short and it drops again.

It is something we need to think that the crypto market is still volatile and anytime soon will make a huge pump just like $15k but we couldn't expect that it will stop there instead, we could think that similar cases will happen again and declines will follow. We can't just say STEADY because it is impossible to happen in the market like this.

Zicadis

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Dump it!!!

Quote from: Abdulowad on February 25, 2020, 04:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Not safe to assume at all, Bitcoin is currently in a very volatile phase and it could either break up or down.

Right now, I am starting to suspect it will go down, since practically the entire cryptocurrency market has struggled for the paste week, after a month or two of solid growth.

Short term losses are likely on the horizon, but we'll probably experience a strong bounce after that.

Jating

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Quote from: Abdulowad on February 25, 2020, 04:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

No. Did you see how bitcoin price goes on a wild swing this month alone?

Went went as high as $10,300 then go back down to $9700 then recovered and bounce to 5 digits again.
But look at the current price, so there's no such thing as steady price, because it is only one of the best speculative asset, everything is based on speculation, it might trade sideways on certain levels, but having a steady price? it won't happened.

Abdulowad

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is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Topic: Bitcoin hitting its steady price? - page 4. (Read 835 times)