It seems that it want to start rising again, but the real problem is that no one knows what is really happening with the price right now, it is so quiet, and it goes up, it will take a few minutes or even hours and it will start going down again, it is pretty unstable at the moment.
Topic: Has BTC started the upward move? How high will it jump - page 3. (Read 449 times)
Bitcoin has 2 directions either to rise or to move upward and take the long trajectory to the moon 
The upward movement has started and it seems that we would be seeing some 16k price during the new Year. The fall seems to be over and correction which was suppose to take place is now done. So possible that it can stabilized at this level and move slowly upwards and from 2018 the upwards movement might start back again.
Bitcoin has 2 directions either to rise or to move upward and take the long trajectory to the moon
The truth is that bitcoin wants to go up, but Roger Ver and his friends are constantly spamming the network and this is what makes the price go to the roof, and of course, the fees are insanely high.
Yesterday,the bitcoin price was 13180 USD.Now, it`s 14420 USD.Almost 1000 dollars for 24 hours is a pretty good "upward move".I don`t wanna make predictions ,but all the FUD and negative news can`t stop the bitcoin recovery.By the way,your didn`t post any analysis about the major altcoins,like you did in your previous posts.Why?Perhaps you realized that the only cryptocurrency that matters is btc. 
Basically, BTC remians in a oscillating pattern, it seems to be gaining momentum. Do you guys think it's ready to pump again?
An original analysis from Kuang Ren about BTC, feel free to leave your commnets below.
BTC:
Selling pressure still exists as bearish news keeps emerging from medias. Psychologically, no panic sentiment spreads among most retail investors, meaning that current position may fail to become the bottom during this correction. Technically, volumes supported by bears are getting lower and lower, while strength from bulls is still limited, which, however, has little influence on the trend reversal. After the release of pressure from bears, it’s time for bulls to fight back.
Original by Kuang Ren, translated and posted by AICoin Jami.
An original analysis from Kuang Ren about BTC, feel free to leave your commnets below.
BTC:
Selling pressure still exists as bearish news keeps emerging from medias. Psychologically, no panic sentiment spreads among most retail investors, meaning that current position may fail to become the bottom during this correction. Technically, volumes supported by bears are getting lower and lower, while strength from bulls is still limited, which, however, has little influence on the trend reversal. After the release of pressure from bears, it’s time for bulls to fight back.
Original by Kuang Ren, translated and posted by AICoin Jami.
Jump to: