After what had happened with the Chinese banning Bitcoin, the trend now is going up, though it seems to be sideways, what I see basing it on the news and current events as well, Bitcoin is less volatile at the moment, but is slowly rising and recovering it's all time high. I think the rise now, is due to the fact that more and more people are now aware with Bitcoin, and not only that, we are also having Bitcoin gold and another fork by November, the move of China only gave publicity to Bitcoin, and now, a lot of people had gotten curious on what is Bitcoin. I think the mainstream media also did their part, they are trying to make headlines back then, but it only given more opportunities to Bitcoin, since we no longer need to advertise it thru mainstream media, however they gave bad publicity, but it's still publicity, and now a lot of countries supports Bitcoin.
I also see that the price of bitcoin now has a steadily rising trend. not as usual which sometimes increases and decreases very quickly. bitcoin prices are now more controlled after China issued their statement. there is a positive side that we can take is that bitcoin is currently more stable and this proved to be able to increase investor interest, especially for those who do not want to take a high risk. stable bitcoin price increases can make investors believe bitcoin does not have a high risk in an investment.
Topic: BTC Trend (Read 1461 times)
After what had happened with the Chinese banning Bitcoin, the trend now is going up, though it seems to be sideways, what I see basing it on the news and current events as well, Bitcoin is less volatile at the moment, but is slowly rising and recovering it's all time high. I think the rise now, is due to the fact that more and more people are now aware with Bitcoin, and not only that, we are also having Bitcoin gold and another fork by November, the move of China only gave publicity to Bitcoin, and now, a lot of people had gotten curious on what is Bitcoin. I think the mainstream media also did their part, they are trying to make headlines back then, but it only given more opportunities to Bitcoin, since we no longer need to advertise it thru mainstream media, however they gave bad publicity, but it's still publicity, and now a lot of countries supports Bitcoin.
I also see that the price of bitcoin now has a steadily rising trend. not as usual which sometimes increases and decreases very quickly. bitcoin prices are now more controlled after China issued their statement. there is a positive side that we can take is that bitcoin is currently more stable and this proved to be able to increase investor interest, especially for those who do not want to take a high risk. stable bitcoin price increases can make investors believe bitcoin does not have a high risk in an investment.
After what had happened with the Chinese banning Bitcoin, the trend now is going up, though it seems to be sideways, what I see basing it on the news and current events as well, Bitcoin is less volatile at the moment, but is slowly rising and recovering it's all time high. I think the rise now, is due to the fact that more and more people are now aware with Bitcoin, and not only that, we are also having Bitcoin gold and another fork by November, the move of China only gave publicity to Bitcoin, and now, a lot of people had gotten curious on what is Bitcoin. I think the mainstream media also did their part, they are trying to make headlines back then, but it only given more opportunities to Bitcoin, since we no longer need to advertise it thru mainstream media, however they gave bad publicity, but it's still publicity, and now a lot of countries supports Bitcoin.
and updating: BTC Price affter Dntrend
Using different analysis but a fib extension is giving me a next target of $5866.5
There are so many people who predict that bitcoin price will falling soon due to some news that will be doing by China, but i myself haven't yet believed whether it will happened. Hopefully that is just a mere issue, and bitcoin price can continue lead to the altitude, clearly proves the current bitcoin price continues to moving towards the higher.
BTC Next day (or Next week) Up or Dn?
BTC/USD Weekly: http://www.upsieutoc.com/image/Tc1ubq
and BTC/USD daily: http://www.upsieutoc.com/image/Tc7cvy
How about you?
and updating: BTC Price affter Dntrend BTC/USD Weekly: http://www.upsieutoc.com/image/Tc1ubq
and BTC/USD daily: http://www.upsieutoc.com/image/Tc7cvy
How about you?
https://imgur.com/a/X3esk
Bitcoin will fall i am sure as china has started banning most of the important components of bitcoin and even the freakin exchanges we will continue to experience a downfall for the next week. The only thing that scares me is what if other countries start doing what china did recently
Chinese are widely involved in bitcoin trading and altcoin platforms if the banned bitcoin then we will surely face the situation like seeing the big dump in upcoming days or next month. You can find the adoption and price rise soon and touch the 5k USD before this year ends.
Bitcoin will fall i am sure as china has started banning most of the important components of bitcoin and even the freakin exchanges we will continue to experience a downfall for the next week. The only thing that scares me is what if other countries start doing what china did recently
BTC Next day (or Next week) Up or Dn?
BTC/USD Weekly: http://www.upsieutoc.com/image/Tc1ubq
and BTC/USD daily: http://www.upsieutoc.com/image/Tc7cvy
How about you?
BTC/USD Weekly: http://www.upsieutoc.com/image/Tc1ubq
and BTC/USD daily: http://www.upsieutoc.com/image/Tc7cvy
How about you?
I'm not that bullish right now since the markets have responded quite negatively to the rumors. The price could potentially crash down to like $3k and even less if the rumors turned out to be true and Chinese government actually does ban all the exchanges this month.
We are under $4000 now and that could trigger some panic sellers, driving the price down with it.
Best case scenario would obviously be a full recovery back up to $5000 or so, and i think it is possible if the rumors turned out to be just rumors, and not official by any means. If that is the case, then $5500-6000 is possible. Otherwise i think short term we may be looking at $3500.
Updating... Compare some fluctuations.
https://i.imgur.com/0kKMHyd.jpg
I think LTC & ETH will drop sharply over BTC in 1-2 weeks.
With the Aug. 1 event yesterday provided a valuable lesson for me to remain confident of bitcoin and not panic to sell it, even though it is true the price drops to $3500 but i remain confident after 1 October there will be price spike in bitcoin
BTC Next day (or Next week) Up or Dn?
BTC/USD Weekly:
and BTC/USD daily:
How about you?
BTC/USD Weekly:
and BTC/USD daily:
How about you?
I'm not that bullish right now since the markets have responded quite negatively to the rumors. The price could potentially crash down to like $3k and even less if the rumors turned out to be true and Chinese government actually does ban all the exchanges this month.
We are under $4000 now and that could trigger some panic sellers, driving the price down with it.
Best case scenario would obviously be a full recovery back up to $5000 or so, and i think it is possible if the rumors turned out to be just rumors, and not official by any means. If that is the case, then $5500-6000 is possible. Otherwise i think short term we may be looking at $3500.
I think all these ups and downs that is happening is a direct result of lots FUDs speculations about China. China this and China that! I believe in one or two weeks from now we would just laughter and move on because the value recovers. 
What if there will be a need bad news that may happen? we can never assume about people that are spreading so much FUD will just stop by bitcoin just having a dip, certain people wants bitcoin to crash, because they will certainly go with the flow of selling their bitcoin and then that will be their chance in buying bitcoin now that bitcoin had crash and has a small value, we can not control that situation that many people will sell their BTC out of fear.
So much FUD the last 3 days and the guys behind this are still not able to bring the price below $4000!!
And I'm pretty sure this wasn't planned as they continue fudding here and social media with fresh created accounts or sock puppets.
Every day they try to bring the price down even more is going to be very expensive.
And I'm pretty sure this wasn't planned as they continue fudding here and social media with fresh created accounts or sock puppets.
Every day they try to bring the price down even more is going to be very expensive.
We are minutes away from going under $4000.
I think due to ICO ban, the rumors and the uncertainty that came along with it, all the weak hands are out at the moment.
I suppose the price around 4K is something like the bottom we have reached.
And if this really is the bottom, it's a pretty high one!
Once the fear of the panic sellers has settled, many of them will return into the market.
And that will bring us back on track to hit the 5K again. Maybe in October.
I suppose the price around 4K is something like the bottom we have reached.
And if this really is the bottom, it's a pretty high one!
Once the fear of the panic sellers has settled, many of them will return into the market.
And that will bring us back on track to hit the 5K again. Maybe in October.
All weak hands are NOT out yet.
That only happens when there has been a prolonged drop and people give up in despair. Like at the end of 2016.
At the moment you have some nervous people who are holding and watching and waiting. It bitcoin manages to hold $4000, that will be a major success!
BTC Next day (or Next week) Up or Dn?
BTC/USD Weekly:
and BTC/USD daily:
How about you?
BTC/USD Weekly:
and BTC/USD daily:
How about you?
It is most likely going to bounce back up again after the news from China gets confirmed as false rumours. However whether or not we will see such crazy growths as depicted in the chart is another matter.
Personally i don't think that we are going to see an ATH that is higher than $7k. Just because we are most likely already very close to the peak of the bubble, and this bubble may burst at any given moment.
However i do think that we will at least breach $5000, perhaps even $5500, before a potential price adjustment.
I think all these ups and downs that is happening is a direct result of lots FUDs speculations about China. China this and China that! I believe in one or two weeks from now we would just laughter and move on because the value recovers.
its a number game now as we seen those fud and critics are trying harder to bring the value down and supports and new investors are taking advantage,
i think keep watching the trend and buy as you can, value will rises back after some weeks or before this month end bitcoin will pumped up to 5k$.
i think keep watching the trend and buy as you can, value will rises back after some weeks or before this month end bitcoin will pumped up to 5k$.
So much FUD the last 3 days and the guys behind this are still not able to bring the price below $4000!!
And I'm pretty sure this wasn't planned as they continue fudding here and social media with fresh created accounts or sock puppets.
Every day they try to bring the price down even more is going to be very expensive.
And I'm pretty sure this wasn't planned as they continue fudding here and social media with fresh created accounts or sock puppets.
Every day they try to bring the price down even more is going to be very expensive.
I think due to ICO ban, the rumors and the uncertainty that came along with it, all the weak hands are out at the moment.
I suppose the price around 4K is something like the bottom we have reached.
And if this really is the bottom, it's a pretty high one!
Once the fear of the panic sellers has settled, many of them will return into the market.
And that will bring us back on track to hit the 5K again. Maybe in October.
I suppose the price around 4K is something like the bottom we have reached.
And if this really is the bottom, it's a pretty high one!
Once the fear of the panic sellers has settled, many of them will return into the market.
And that will bring us back on track to hit the 5K again. Maybe in October.
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