Topic: Bitcoin Price Retakes $10K But Remains Short of Bull Revival - page 2. (Read 293 times)
I don't want to create panick in people, but the price is stagnant at $9500 and in my opinion if the price remains stagnant at $ 9500 without being able to rise, people will start selling it we will see another big price drop. and as I said, it won't surprise me to see the $7000 price again. It seems to me that the price had risen so much because people bought it because of the high expectations they had created about the Libra. Once reality is stamped on people's faces then they started selling their bitcoins
Bitcoin has again charted a recovery to above $10,000, but the outlook remains bearish with the lower-highs pattern intact.
The recent gains may be short-lived, as the recovery seen in the last 24 hours is stuck at key resistance levels and lacks volume.
A UTC close above $11,120 is needed to revive the bullish view. That level could come into play if BTC clears key resistances around $10,200 on high volumes.
https://www.coindesk.com/bitcoin-price-retakes-10k-but-remains-short-of-bull-revival
The recent gains may be short-lived, as the recovery seen in the last 24 hours is stuck at key resistance levels and lacks volume.
A UTC close above $11,120 is needed to revive the bullish view. That level could come into play if BTC clears key resistances around $10,200 on high volumes.
https://www.coindesk.com/bitcoin-price-retakes-10k-but-remains-short-of-bull-revival
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