This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market.
Yeah seems like this, the price has stuck in this price. Just few hundreds ups and down but there is no big change in the price. I also wonder why the price is not increasing and why this bearish market situation is not changing in good one. Different people think differently about the future price of bitcoin. Some says the coming days will be good for bitcoin and other say that it will fall more.
The price is not stuck anywhere, we are only experiencing the market this way because the bears and the bulls are trying to see who wins the fight at the end of it all.
We saw the quick move downwards in a short while and then a quick bounce which I would call rejection by the bulls and a very strong rejection for that matter, but unable to have the power to go further, at least not just yet. As long as we are still below $7k, then nothing is guaranteed at the moment.
I do not think people have even given up yet, and whales surely know that as they would tend to want to shake it down to the point where even those who have been stylishly holding on will just see no hope anymore since they do not understand why they should be investing in the first place which should be for the future.
We surely are getting pretty close, but it is a thing of the mind and psychology and the whales sure know how to play it well. We might see some little uptrend before the end of the year, but that is when they strike again, make people want to pull out faster, and with that, we get to see the market moving down fast as even those who have been holding all these while lose hope, and then consolidation, and then recovery.