Until Sunday bitcoin prices seemed stable and calm; market did not show any significant movements; I kept checking on preev it showed most of the times $10070. But, suddenly today I see once $10050 and then after one hour I witnessed $9930 and then it seemed recovery in progress as I see again prices above $10k levels.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
It's too early to see a massive run from $10,000-$12,000 it if did, then there's kind kind of manipulation from behind, maybe there are entities that are setting up a bull trap or something. So don't rush anything, let the market flows its normal direction and I'm sure that it no time, there is a big possibility of hitting that $12,000.
I'm sure you already know that this kind of spike will be followed by some healthy corrections. And it is good, because it can bring fresh investors again after every dip, so let's see how will everything pan out this week and this will be another exciting trades for us.
