I wouldn`t bother about that.Just stop waiting every day for the next big bull run.
Everything will be all right in the end.It doesn`t matter if the support level is 6000 or 6800 USD.
Bitcoin will triple it`s value for sure.The regulation/ban storm is over and we are waiting for the crypto whales to start buying again.This will happen after 6 months.
Topic: Is now the turnaround point? - page 2. (Read 261 times)
The price position of $6,800 is very critical. If it can effectively exceed $6,800, the price of BTC in the future market will be very likely to rise.
the beginning of the "turnaround" was about 8 days ago when price reached the bottom at $5774 and couldn't break it for the third time and reversed back up to jump above $6000 in a couple of hours. the thing is we knew it is the reversal but we weren't sure about it. but with every day that price stayed above $6k and rose we became a little more sure about it and the accumulation started with a gradual rise. soon if the volume also picks up and the $7000 is broken we will officially be on the rise. it may not be a big-fast rise but it will be a slow rise nonetheless.
Based on the relatively strong support around and especially under $6000 we might be up for a gradual increase, but we definitely need to see the trend reverse in order to see where we're at.
If we manage to break $7000 in the coming days, which should be possible, it will grant the market a positive vibe which may even result in a mini relief pump, but the market can just as easily fool every one of us.
I'm glad that I have bought in already and can happily look forward to what has to come. I have enough fiat ready to buy more, and enough patience to wait a couple of more months.
If we manage to break $7000 in the coming days, which should be possible, it will grant the market a positive vibe which may even result in a mini relief pump, but the market can just as easily fool every one of us.
I'm glad that I have bought in already and can happily look forward to what has to come. I have enough fiat ready to buy more, and enough patience to wait a couple of more months.
The past week Bitcoin has been steadily moving up from its low in the high 5000s. Now that we have a triple bottom around the 6000 range over the past half year do you think this is the beginning of the turnaround from bear market to bull market?
I'm not asking if you think Bitcoin is gonna suddenly start booming, but do you think we'll see a gradual rise now and won't be returning to test the established bottom of the market again?
Personally I think over the next 2 or 3 months we'll see Bitcoin finally move off the bottom of the market and away from these 6000-level prices, representing the beginning of the next long bull market.
I'm not asking if you think Bitcoin is gonna suddenly start booming, but do you think we'll see a gradual rise now and won't be returning to test the established bottom of the market again?
Personally I think over the next 2 or 3 months we'll see Bitcoin finally move off the bottom of the market and away from these 6000-level prices, representing the beginning of the next long bull market.
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