price will go up back again to its previous at $64k. whatever happens in between $30k to climb up again to $64k, it's somewhere lies to what traders and holders do when there is news coming out. when the price drops to $3k in 2019, the Bitcoin believers are already thinking of more than $20k. if you are one of them then just observe what bitcoin companies and institutions do and not what they are saying.
Topic: Bitcoin on a sobar reflection mode. (Read 143 times)
BTC a few months ago was in the $28k $-30k $ resistance area now BTC is up to $47k and still in the strong resistance area my guess the next price BTC goes up will be $50k, and By the end of this year BTC will go back to $60k or maybe more.
If bitcoin holds around the 47k$ resistance area we will see btc hit $50k soon probably in September, I guess.This steady growth continues, I believe bitcoin to be back to $60k by year-end. But there will be a few minor corrections before rallying back to 60k$ ATH.
BTC a few months ago was in the $28k $-30k $ resistance area now BTC is up to $47k and still in the strong resistance area my guess the next price BTC goes up will be $50k, and By the end of this year BTC will go back to $60k or maybe more.
Bitcoin can not be said to be a pump and dumped coin because bitcoin have more stability that make it different from being a pump and dumped, as the ops above have said a pumped market price always dropped suddenly and will never recover back to that price again. but bitcoin always made a new all-time high at every stage after every period of corrections at its market price. What I can say on bitcoin is that it is highly volatile in price. As at the moment, bitcoin has recovered back to $47,123 price and with a +6.65% market gain.
The pump and dump will occur in all the coin,which include the bitcoin.
Just because price of something goes up and down it doesn't mean it is pump and dump.Pump and dump is a market manipulation and the dump is always equal size to the pump or pretty close to it. Meaning if bitcoin were a pump and dump its price should have never gone up.
For example take a pump and dump shitcoin like ETH, its is pumped to 0.15BTC then dumped hard down to 0.03BTC and can never go back up again.
But bitcoin goes from $31k to $48k then has a correction to $44k and then goes back up to $47k again getting ready to break $50k. In a pump and dump however, the price would have gone from $31k to $48k then dumped down to $31k and went lower to $25k.
Following the recent Bitcoin price movement this week, one will notice that Bitcoin is on a sober reflection mode. I believe this correction will birth the next Bitcoin price benchmark.
You will agree with me that bitcoin has to fall back to around $44k on the 18th of August in other to withstand the 47k resistance and now gradually climbing back to its previous price of 47k which the week starts with.
You will agree with me that bitcoin has to fall back to around $44k on the 18th of August in other to withstand the 47k resistance and now gradually climbing back to its previous price of 47k which the week starts with.
The pump and dump will occur in all the coin,which include the bitcoin.Many traders was get into bitcoin as his first investment tool.Some people won't inverse in any altcoin other than a bitcoin.It will be varied by people.Investing at dump is needed one for all the traders.This included the experience people and the new people in to the crypto investments and trading.
Following the recent Bitcoin price movement this week, one will notice that Bitcoin is on a sober reflection mode. I believe this correction will birth the next Bitcoin price benchmark.
You will agree with me that bitcoin has to fall back to around $44k on the 18th of August in other to withstand the 47k resistance and now gradually climbing back to its previous price of 47k which the week starts with.
You will agree with me that bitcoin has to fall back to around $44k on the 18th of August in other to withstand the 47k resistance and now gradually climbing back to its previous price of 47k which the week starts with.
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