Bitcoin Forum>Economy>Economics>Speculation
Pages:
Author

Topic: BTC Struggling to Reach Over 9K - page 2. (Read 791 times)

Kelaychi
newbie
Activity: 58
Merit: 0
Re: BTC Struggling to Reach Over 9K
May 02, 2018, 11:19:32 PM
#102
Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM
https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team
LOL. waiting game indeed. every one is in for the little profit. thats the way in this part of the street
lingwistiko
member
Activity: 322
Merit: 10
╔►[FILIPINO Translator]◄╝
Re: BTC Struggling to Reach Over 9K
May 02, 2018, 11:16:01 PM
#101
Since bitcoin started to fall down before last year ends until april this year, bitcoin really struggled a lot until it reaches its base price at 9,000$ already today. I can feel that bitcoin is having an uptrend early this year and it's gonna be good than last year.
gotminer
member
Activity: 644
Merit: 24
Re: BTC Struggling to Reach Over 9K
May 02, 2018, 09:22:39 PM
#100
Quote from: LegendOF45 on May 02, 2018, 06:41:38 PM
Quote from: Clavulanic on May 02, 2018, 05:58:34 PM
Quote from: ufalo3 on May 02, 2018, 03:40:14 PM
Quote from: wozzek23 on April 30, 2018, 03:02:23 AM
Quote from: hisuka on April 26, 2018, 07:39:46 AM
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
I think in the coming weeks it will reach to $10k with the btc price struggling as always it can survive. More demands on bitcoin could start to slowly increased this time. We should wait for the bull run to start since we couldnt exactly tell when it will reach over $10k.
Bitcoin is uncertain a little between 8.8 thousand dollar and 9.2 thousand dollar as the price yesterday was 8.8 thousand dollar and today it is back at 9.2 thousand dollar that shows that Bitcoin is stable there and it is still giving and representing a sign that we have still time to invest for the future value will surely hit over 9 thousand dollar worth so that we have to buy now.

And when I am checking the charts, I am waiting to see there that Bitcoin is going to reach 10 thousand. It will be a critical point for the next bull run.
That's a normal struggle of bitcoin no matter what value it is it has been a struggle for it is always connected with cryptocurrency and other ICO's. What else can we do? Possibly we can just stay calm and do the same or normal thing that we have. Anyway,it has it's own journey to take we are just here to support and take the risk on what we put up for the betterment of bitcoin.
Yes, we should always be optimistic that prices will skyrocket so not sell at the present time will help the price continue to rise and not drop, I'm sure that the future of bitcoin is still promising so with patience then we get big profit.

If you care about price, you were fucked from the beginning ... HEHE  Grin
LegendOF45
sr. member
Activity: 518
Merit: 250
Re: BTC Struggling to Reach Over 9K
May 02, 2018, 06:41:38 PM
#99
Quote from: Clavulanic on May 02, 2018, 05:58:34 PM
Quote from: ufalo3 on May 02, 2018, 03:40:14 PM
Quote from: wozzek23 on April 30, 2018, 03:02:23 AM
Quote from: hisuka on April 26, 2018, 07:39:46 AM
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
I think in the coming weeks it will reach to $10k with the btc price struggling as always it can survive. More demands on bitcoin could start to slowly increased this time. We should wait for the bull run to start since we couldnt exactly tell when it will reach over $10k.
Bitcoin is uncertain a little between 8.8 thousand dollar and 9.2 thousand dollar as the price yesterday was 8.8 thousand dollar and today it is back at 9.2 thousand dollar that shows that Bitcoin is stable there and it is still giving and representing a sign that we have still time to invest for the future value will surely hit over 9 thousand dollar worth so that we have to buy now.

And when I am checking the charts, I am waiting to see there that Bitcoin is going to reach 10 thousand. It will be a critical point for the next bull run.
That's a normal struggle of bitcoin no matter what value it is it has been a struggle for it is always connected with cryptocurrency and other ICO's. What else can we do? Possibly we can just stay calm and do the same or normal thing that we have. Anyway,it has it's own journey to take we are just here to support and take the risk on what we put up for the betterment of bitcoin.
Yes, we should always be optimistic that prices will skyrocket so not sell at the present time will help the price continue to rise and not drop, I'm sure that the future of bitcoin is still promising so with patience then we get big profit.
Clavulanic
sr. member
Activity: 714
Merit: 250
Re: BTC Struggling to Reach Over 9K
May 02, 2018, 05:58:34 PM
#98
Quote from: ufalo3 on May 02, 2018, 03:40:14 PM
Quote from: wozzek23 on April 30, 2018, 03:02:23 AM
Quote from: hisuka on April 26, 2018, 07:39:46 AM
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
I think in the coming weeks it will reach to $10k with the btc price struggling as always it can survive. More demands on bitcoin could start to slowly increased this time. We should wait for the bull run to start since we couldnt exactly tell when it will reach over $10k.
Bitcoin is uncertain a little between 8.8 thousand dollar and 9.2 thousand dollar as the price yesterday was 8.8 thousand dollar and today it is back at 9.2 thousand dollar that shows that Bitcoin is stable there and it is still giving and representing a sign that we have still time to invest for the future value will surely hit over 9 thousand dollar worth so that we have to buy now.

And when I am checking the charts, I am waiting to see there that Bitcoin is going to reach 10 thousand. It will be a critical point for the next bull run.
That's a normal struggle of bitcoin no matter what value it is it has been a struggle for it is always connected with cryptocurrency and other ICO's. What else can we do? Possibly we can just stay calm and do the same or normal thing that we have. Anyway,it has it's own journey to take we are just here to support and take the risk on what we put up for the betterment of bitcoin.
BitHodler
legendary
Activity: 1526
Merit: 1179
Re: BTC Struggling to Reach Over 9K
May 02, 2018, 04:16:16 PM
#97
Quote from: ufalo3 on May 02, 2018, 03:40:14 PM
And when I am checking the charts, I am waiting to see there that Bitcoin is going to reach 10 thousand. It will be a critical point for the next bull run.
I can see a mini 'pump' out of excitement going to the $12,000 mark, but it will likely halt somewhere around that level. At that point the real battle won't be how much we go up, but how long can we stay above that mark.

Bull runs need to have everything synced perfectly in order to book ×5 gains at minimum, and these level of bull runs only happen once every few years. In 2013 we had one, and last year we had one.

Unless something extraordinary happens being able to generate an insane amount of hype and speculation, I wouldn't focus on actual bull runs. I rather just see a more stable form of growth, but I'm probably one of the few.
ufalo3
full member
Activity: 462
Merit: 100
Re: BTC Struggling to Reach Over 9K
May 02, 2018, 03:40:14 PM
#96
Quote from: wozzek23 on April 30, 2018, 03:02:23 AM
Quote from: hisuka on April 26, 2018, 07:39:46 AM
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
I think in the coming weeks it will reach to $10k with the btc price struggling as always it can survive. More demands on bitcoin could start to slowly increased this time. We should wait for the bull run to start since we couldnt exactly tell when it will reach over $10k.
Bitcoin is uncertain a little between 8.8 thousand dollar and 9.2 thousand dollar as the price yesterday was 8.8 thousand dollar and today it is back at 9.2 thousand dollar that shows that Bitcoin is stable there and it is still giving and representing a sign that we have still time to invest for the future value will surely hit over 9 thousand dollar worth so that we have to buy now.

And when I am checking the charts, I am waiting to see there that Bitcoin is going to reach 10 thousand. It will be a critical point for the next bull run.
wozzek23
sr. member
Activity: 1568
Merit: 283
Re: BTC Struggling to Reach Over 9K
April 30, 2018, 03:02:23 AM
#95
Quote from: hisuka on April 26, 2018, 07:39:46 AM
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
I think in the coming weeks it will reach to $10k with the btc price struggling as always it can survive. More demands on bitcoin could start to slowly increased this time. We should wait for the bull run to start since we couldnt exactly tell when it will reach over $10k.
Bitcoin is uncertain a little between 8.8 thousand dollar and 9.2 thousand dollar as the price yesterday was 8.8 thousand dollar and today it is back at 9.2 thousand dollar that shows that Bitcoin is stable there and it is still giving and representing a sign that we have still time to invest for the future value will surely hit over 9 thousand dollar worth so that we have to buy now.
Febo
legendary
Activity: 2730
Merit: 1288
Re: BTC Struggling to Reach Over 9K
April 29, 2018, 10:22:57 AM
#94
Quote from: nightfury on April 29, 2018, 06:56:36 AM
Bitcoin is pretty good and is already hovering on that mark already today. I have seen bitcoin's change in the last 24h below 0% but it's good to see that its market price is still in the 9,000$ mark which means that it's already the base price of bitcoin today.

Yup price is for one week between $8500 and $9500 and if you look at graph you see liek is slightly going up. That's pretty good sign  I would love to see Bitcoin staying around $10000 tull summer. But such snail growth as was shown last week and a month before could be good also.
nightfury
full member
Activity: 392
Merit: 100
Re: BTC Struggling to Reach Over 9K
April 29, 2018, 06:56:36 AM
#93
Bitcoin is pretty good and is already hovering on that mark already today. I have seen bitcoin's change in the last 24h below 0% but it's good to see that its market price is still in the 9,000$ mark which means that it's already the base price of bitcoin today.
Fulmand
sr. member
Activity: 568
Merit: 250
Re: BTC Struggling to Reach Over 9K
April 29, 2018, 04:29:51 AM
#92
Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM
https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team
Today the price reach the highest at 9639k I this price is still a good price movement. One more day to and it will be May. Im seeing greenier pasture for May, the positive price increases is a good hint that May will do much better for the price up trend. I dont agree  term struggle because I think the down trend was a reasonable drop after china had announce the banning of bitcoin early this year.. It was an expected reaction from the market for especially that China has been a big player in the cryptocurrency industry. The lost of such big player vould really create havoc such as what weve experienced in the past 3 months. Now the market is recovering well and we are hoping that it will continue to reach new heights in price!
gotminer
member
Activity: 644
Merit: 24
Re: BTC Struggling to Reach Over 9K
April 29, 2018, 12:09:45 AM
#91
Quote from: raven7886 on April 28, 2018, 11:50:16 PM
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
New ATH at this time ? You are not even close to testing the previous ATH, you are already looking forward to a new one.

Yeah, you are right with your second statement as what we are seeing now is just a correction which is very normal and with that, we can expect that the market is going to end up having another momentum to go test the $10k spot. With that in mind, I believe that we should either be able to break that resistance or we head back but I really hope it does anyway.

That bitch needs to check his shit.  Take a nap for a year and come back.
raven7886
legendary
Activity: 1512
Merit: 1041
Re: BTC Struggling to Reach Over 9K
April 28, 2018, 11:50:16 PM
#90
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
New ATH at this time ? You are not even close to testing the previous ATH, you are already looking forward to a new one.

Yeah, you are right with your second statement as what we are seeing now is just a correction which is very normal and with that, we can expect that the market is going to end up having another momentum to go test the $10k spot. With that in mind, I believe that we should either be able to break that resistance or we head back but I really hope it does anyway.
gabmen
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
Re: BTC Struggling to Reach Over 9K
April 28, 2018, 09:30:55 AM
#89
Quote from: Fedor07 on April 27, 2018, 02:38:08 PM
He was struggling to reach that value for more then 3 weeks .  He was growing up to 8800$ or 8900$ and then he was dropping again to 8000$ or less. And eventually he had reached 9000$ , even more then that . There are some people with some techniques to make nitcoin value to grow up . They were trying for more then 2 weeks to make bitcoins value rice to 9500 $ and after a lot of attemps they made it , bitcoin has reached more then 9500 $.


It will come when it will. Btc has broken the 9k mark and have that as its initial support right now. It went below 9k but then went above as fast as it dropped. So it's safe to say that at least for now, we're just steadily hovering over that 9k mark
Fedor07
member
Activity: 282
Merit: 10
Re: BTC Struggling to Reach Over 9K
April 27, 2018, 02:38:08 PM
#88
He was struggling to reach that value for more then 3 weeks .  He was growing up to 8800$ or 8900$ and then he was dropping again to 8000$ or less. And eventually he had reached 9000$ , even more then that . There are some people with some techniques to make nitcoin value to grow up . They were trying for more then 2 weeks to make bitcoins value rice to 9500 $ and after a lot of attemps they made it , bitcoin has reached more then 9500 $.
TheGreatPython
sr. member
Activity: 2660
Merit: 339
Re: BTC Struggling to Reach Over 9K
April 27, 2018, 07:07:32 AM
#87
Quote from: KennyR on April 25, 2018, 12:46:08 PM
Quote from: lumeire on April 25, 2018, 11:36:28 AM
Quote from: bitbunnny on April 25, 2018, 08:31:59 AM
Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.

It's probably the last major resistance before $10k, so hopefully once it's broken it's gonna reach new all time highs. Although leveling there and making it a new baseline seems more realistic.
As stated it could reach new ath. Now with the present drop we can see some of the panic users ending up selling all their bitcoin holdings. The same will be used as an chance to invest by this time. The ongoing corrective measures will start moving above $10000 within few weeks time.
Bitcoin these days is increasing due to which people are interested now to invest for taking benefit after few months so that they work in order to get something from the market. However the value of Bitcoin reached 9.3k dollar yesterday but today it has decreased by 0.3 unit which is seeming very kittle unit but these units make this value which we like the most. It will be going continuously and will boost up your courage in the upcoming days.
Dodoymabs
full member
Activity: 602
Merit: 100
Re: BTC Struggling to Reach Over 9K
April 26, 2018, 09:59:33 AM
#86
Quote from: altercreed on April 26, 2018, 02:37:57 AM
Quote from: ?? on ??
Quote from: Febo on April 25, 2018, 06:01:28 PM
Quote from: richmcrich on April 25, 2018, 06:36:49 AM
Quote from: Febo on April 24, 2018, 05:22:55 AM
Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM
https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team


If many sell that is only healthy. Problem s when no one sells and they just hold since they are afraid price will go up and up and up as it happened a t end of last year, then price gained value fast. way to fast and it went way to high. This smaller price growths are way better and healthier.
Bitcoin has proved it yesterday as the price grown up from 8.9k dollar to 9.1k dollar that hit over 9k dollar and now today if we search the price in search engine tell us the further increased value that is 9.35k dollar which is over 9k dollar so the overall price is increasing and there is a great probability that Bitcoin can lead onto its previous longest jump.

Yes it could, unless it will have a pullback and retrace to some lower level.  Price last 3 weeks steadily increase. But it is impossible to expect that that can happen without ending. Longer time price for Bitcoin will gor and stronger it will grow, stronger will be this pullbacks.  What happened today was expected and super positive for Bitcoin.
That 9k barrier is a bit of a wall it seems, it did have a bit too much of a price boom after it broke through, looks like it will just have to wait a little longer.

Bitcoin had successfully broke the 9,000$ Mark that served as a resistant wall of its price hike. Eventually, it went a bit higher than that but oday, its price goes down again. So i think bitcoin has not yet fully recovered from the bearish trend.

At least it already crossed the 9k value and  this is a sign that it will probably increased next month. This is going to be more interesting as we all know some were predicting its value to be double by this year. So, 9k already been achieved and this is I think the start of bouncing back to its highest price.
greensheep
member
Activity: 278
Merit: 44
Re: BTC Struggling to Reach Over 9K
April 26, 2018, 09:28:50 AM
#85
As we bounced on the way down on the SMA 200 we are now bouncing against it on the way up.
I'm excpecting some resistance to get above that curve again and prolounged stay in this area - preferrably above the curve!- which could then again become a support zone.
It's a crossroad and psychological barrier as well.
Kemarit
legendary
Activity: 3080
Merit: 1353
Re: BTC Struggling to Reach Over 9K
April 26, 2018, 08:28:36 AM
#84
Quote from: Febo on April 25, 2018, 06:01:28 PM
Quote from: richmcrich on April 25, 2018, 06:36:49 AM
Quote from: Febo on April 24, 2018, 05:22:55 AM
Quote from: Elysian_ELY on April 23, 2018, 10:55:11 AM
https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team


If many sell that is only healthy. Problem s when no one sells and they just hold since they are afraid price will go up and up and up as it happened a t end of last year, then price gained value fast. way to fast and it went way to high. This smaller price growths are way better and healthier.
Bitcoin has proved it yesterday as the price grown up from 8.9k dollar to 9.1k dollar that hit over 9k dollar and now today if we search the price in search engine tell us the further increased value that is 9.35k dollar which is over 9k dollar so the overall price is increasing and there is a great probability that Bitcoin can lead onto its previous longest jump.

Yes it could, unless it will have a pullback and retrace to some lower level.  Price last 3 weeks steadily increase. But it is impossible to expect that that can happen without ending. Longer time price for Bitcoin will gor and stronger it will grow, stronger will be this pullbacks.  What happened today was expected and super positive for Bitcoin.

However, after jumping as high as $9500 yesterday, it goes on another pullback and its just about $8900 today. Oh well, that the nature of bitcoin, price is very fragile. I'm assuming that daily traders are making profits in the last 24 hours that's why the price goes on another minor correction. But its still a healthy pullback for me, I can still get in a buy at this current price because to be honest, it is still quite. For those who worry why the price goes down again, you don't need to, I'm still optimistic that the price will still go back around the $9500-$10000 ball park in the next coming days.
imapessimist
jr. member
Activity: 266
Merit: 1
Re: BTC Struggling to Reach Over 9K
April 26, 2018, 08:11:13 AM
#83
I don't think it's to do with barriers the reason the price isn't going up.  It's because too many day traders and short term traders are taking a profit when they can.  So if somebody buys at 8k or 9k and price goes to 9.5k say then a large number of people will take a profit so the price goes down.   But not far enough for people to get tempted to buy at a low price.  So that's what's happening as far as I can see.
Pages:
Bitcoin Forum>Economy>Economics>Speculation
Jump to: