Topic: Bitcoin is facing a pullback ? (Read 82 times)
When are we going to learn---volatility you know?. Aren't we used to this pullback after pull up? Guys be still, don't panic, we've been here before and btc managed to return very strong. This is usual and temporary or bullish fatigue. Let's hold on once again.
Well that should be expected. I think it's too early yo actually call it a bull run. Though we've pretty much contained the bears for now, this upward movement will have corrections like what recently happened. And it's going to be a seesaw movement i think until probably the next quarter of the year
Come on now. If you're in the cryptocurrency space for at least 2 weeks or just view the past price charts you would already know how volatile bitcoin and cryptocurrencies in general are. It's going to be volatile for a lot more years for sure. And guess what. Bitcoin isn't even around $9100 as of now. It's already $8,908. 
Bitcoin rose to $9,767 on Bitfinex yestarday - the largest amount since March 12 - before falling back to $9,100. As of composing,BTC is changing hands at $9,125.
The 6.8 percent drop from the intraday highs signals bullish fatigue close to the step by step rising. Moreover, the 4-hour diagram beneath indicates scope for a more profound pullback ahead.
The 6.8 percent drop from the intraday highs signals bullish fatigue close to the step by step rising. Moreover, the 4-hour diagram beneath indicates scope for a more profound pullback ahead.
It did not stop with $9125 but it continuously dropped to 8800$. People are again panicking since they thought it will go back to 6700$. But looking at the charts the drop of bitcoins value is just temporary, in just a days time it will go back up to 10k$. So let us not panic and just trust bitcoin and as long as you hold on to your bitcoins you will not loss but will have another opportunity to profit when it rises again in value.
Bitcoin rose to $9,767 on Bitfinex yestarday - the largest amount since March 12 - before falling back to $9,100. As of composing,BTC is changing hands at $9,125.
The 6.8 percent drop from the intraday highs signals bullish fatigue close to the step by step rising. Moreover, the 4-hour diagram beneath indicates scope for a more profound pullback ahead.
Remember that there is always a pullback after the pull-up. We are in the cryptocurrency industry soaring high and dumping deep are normal it is just a matter of volatility. The 6.8 percent drop from the intraday highs signals bullish fatigue close to the step by step rising. Moreover, the 4-hour diagram beneath indicates scope for a more profound pullback ahead.
Currently bitcoin does have a slight decline in prices, but I do not think it will be long in repeating the bitcoin price increase.
The cryptocurrency market has struggled to show signs of strong short-term recovery. Analysts have stated among the $ 11,000 range as the ideal position to start a strong rally for the medium term. However, the market has failed to maintain its momentum throughout March, and is likely to continue to fluctuate due to its low daily trading volume in the coming days. And this greatly affects the selling point of cryptocurrency.
It is going to constantly fluctuate up and down!
Bitcoin rose to $9,767 on Bitfinex yestarday - the largest amount since March 12 - before falling back to $9,100. As of composing,BTC is changing hands at $9,125.
The 6.8 percent drop from the intraday highs signals bullish fatigue close to the step by step rising. Moreover, the 4-hour diagram beneath indicates scope for a more profound pullback ahead.
The 6.8 percent drop from the intraday highs signals bullish fatigue close to the step by step rising. Moreover, the 4-hour diagram beneath indicates scope for a more profound pullback ahead.
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