that is a 12% increase which is not that big in my opinion in percentage-terms and considering this is bitcoin we are talking about. so my guess is that this is simply a recovery after a big dump. it doesn't have to mean much and considering bitcoin has been pretty wild and weird lately, i don't think we can predict what will happen next.
1. there is a good chance this is true since things are mostly bear-like these days
2. only true if you think bitcoin is dead!!!
3. i don't think so. the volume doesn't seem to be that high. it was higher because it was a sizable rise but under any other circumstances such rise would have gotten a bigger volume.
Topic: From $7.5 to $8.4 (March 19) - page 2. (Read 302 times)
What's your take on the recent bounce of bitcoin price, just hours ago I saw the price as low as $7500 per coinmarketcap and then a surge of doomsayers thread saying that bitcoin can go as low as $2500. Lol.
Now the price is completely reverse itself, care to share your thoughts specially those who are calling that the price will go down? I really love to hear your thoughts on the current reversal.
1. Another bulltrap?
2. Dead cat bounce?
3. $7500 is the bottom and its seems that investors can't deny the fact that is quite cheap already that why they need to get it at this price?
Now the price is completely reverse itself, care to share your thoughts specially those who are calling that the price will go down? I really love to hear your thoughts on the current reversal.
1. Another bulltrap?
2. Dead cat bounce?
3. $7500 is the bottom and its seems that investors can't deny the fact that is quite cheap already that why they need to get it at this price?
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