Price was stable for some time and dont see anything that it will impact for price to go high, at least not at the moment.
Yes we have price to go down and comes back up but this is still normal dont expect to see anything in following week or two, no major event that will trigger price change, but it dont need to be that price wont go up. Just for me at the moment i dont see some indicators for that.
no major event? in just over 2 weeks we will see whether or not the etf from the winkies will get approved. i consider this to be a huge event that might boost the price over the current all time high within 2 months. that's why i keep holding my coins firmly to see where the price is heading to next month. if it doesn't get approved, then prepare for a deep and solid dump.
i don't agree on both cases
if it is approved, that will only create some FOMO situation in the market and temporarily cause a jump that i don't think is going to be big, although we may finally see stable price above $1100 after the FOMO ended and correction happened.
and if it is not approved, again nothing is going to change, there will be PANIC selling temporarily causing some drops and again we will be back to where we started. and again we may see whales accumulate more in the prices and price may go above $1100 again and get stable there.
Worst case scenario is that when the panic sells get momentum. Weak hands begets other weak hands.
It can crash the price down in hoursObviously, this is no longer the case
We had seen the price crash to 750 dollars per coin, and so what? Those who were lucky to buy bitcoins anywhere below 800 dollars profited tremendously just a few weeks later. Last time the price went down only to a little below 950 dollars, and I guess the next time it will hardly plunge below 1,000 dollars mark. In short, there are no more weak hands left. Unless we witness some devastating event (I don't really know what it could be), any price decline will be considered as the opportunity to buy "cheap" bitcoins
it could be anything, it could be a few whales selling their bitcoins at the same time what would cause a massive panic dump by the ordinary people and the price would go down again to like 800 - 900 dollars per coin, bitcoin price is volatile and you don't need a lot of efforts to make it drop or grow at a rapid pace.
Prices raising fast and furious in spite of the PBOC speed bump and this might be attributed to investor confidence ahead of the Winklevoss Bitcoin ETF. Looking forward to going over $2k.
bitcoin is not going to reach 2000 dollars per coin any time soon get over it, the price would need to nearly double what is achievable in a few years only from now on when adoption is so big.
Prices raising fast and furious in spite of the PBOC speed bump and this might be attributed to investor confidence ahead of the Winklevoss Bitcoin ETF. Looking forward to going over $2k.
We can only hope. I'd be fine with over $1200 honestly. That will mean new ATH for some, and little past that will be a definitive new ATH. Once we start hitting new ATH's, it'll be just a matter of time until we come back down, so I'm going to start liquidating past $1200 or $1300 I think.
It sure doesn't look like it will slowing up anytime soon.
It has infact been holding well for the last 24 hours and I am quite surprised in this when I woke up a while ago.
Because as we seen from last time this happened when it reached above $1100, it immediately slide back down, hard!
All the way down to $752 as another poster said above regarding that episode 3 weeks ago.
it is still holding not for a really long time and I wouldn't be too confident that it is going to be over 1000 dollars for at least a month, I mean it looks for me like it is just another pump that will make the price drop in a few weeks.
