Fake or not!!I don't know!!But,I think this phase is good for us.
Because,some has bought some bitcoin in last dip.So,at least this phase was good for them to sell.But,I think it's not fake at all.Bitcoin has given it's last dip,and it will take time to do the next dip.My opinion. But your logic wasn't bad at all.
Topic: The breakout is fake, BTC price will dip again. - page 2. (Read 270 times)
But I think that is irrelevant. The demand for Bitcoin is a permanent one, the FUD is the temporal factor, long term we are going up. I believe specially once more people catch up to Lightning Network being a success, we'll see a golden era of payments and a new rise to ATH will begin, but the store of value demand is always there nontheless.
I have the same view on this situation. FUD only has a temporary effect on Bitcoin price, the current downtrend is not even a significant one if we compare it to some others. And nonetheless it's very well possible that the uptrend continues because the adopters are possibly not giving too much attention to the FUD. there is still a lot of FUD around and that is preventing the rise from happening but i still wouldn't agree with the title OP chose, there never was a breakout to be fake or real! price is still in the same price range and it is stuck.
although despite all the FUD price is holding up nicely. and i say if it stays in $9k range for the next 24 hours we can expect testing of $12k for the third time, this week.
But I think that is irrelevant. The demand for Bitcoin is a permanent one, the FUD is the temporal factor, long term we are going up. I believe specially once more people catch up to Lightning Network being a success, we'll see a golden era of payments and a new rise to ATH will begin, but the store of value demand is always there nontheless.
I have the same view on this situation. FUD only has a temporary effect on Bitcoin price, the current downtrend is not even a significant one if we compare it to some others. And nonetheless it's very well possible that the uptrend continues because the adopters are possibly not giving too much attention to the FUD. I tend to go with you on this one as I believe that there is nothing to ride bitcoin price back.
As regulators enter the market, making it much harder to trade bitcoins, or even just to take out profits, people will run away and may buy BTC only through etf.
The only cryptocurrencies to benefit from this would be the private crypto currencies, especially monero, as the regulators enter the market people will search for untraceable coins.
As regulators enter the market, making it much harder to trade bitcoins, or even just to take out profits, people will run away and may buy BTC only through etf.
The only cryptocurrencies to benefit from this would be the private crypto currencies, especially monero, as the regulators enter the market people will search for untraceable coins.
It is irrelevant. If your thesis is correct, then Monero will dump too. It matters not if Monero is a private currency, if you are saying that people is going to stop buying because of regulations, then what matters is KYC, and Monero, and any other crypto listed in a exchange which is subjected to KYC laws, would suffer the drop in volume.
But I think that is irrelevant. The demand for Bitcoin is a permanent one, the FUD is the temporal factor, long term we are going up. I believe specially once more people catch up to Lightning Network being a success, we'll see a golden era of payments and a new rise to ATH will begin, but the store of value demand is always there nontheless.
I tend to go with you on this one as I believe that there is nothing to ride bitcoin price back.
As regulators enter the market, making it much harder to trade bitcoins, or even just to take out profits, people will run away and may buy BTC only through etf.
The only cryptocurrencies to benefit from this would be the private crypto currencies, especially monero, as the regulators enter the market people will search for untraceable coins.
As regulators enter the market, making it much harder to trade bitcoins, or even just to take out profits, people will run away and may buy BTC only through etf.
The only cryptocurrencies to benefit from this would be the private crypto currencies, especially monero, as the regulators enter the market people will search for untraceable coins.
The next futures expiration is Wednesday March 14th:
https://www.forbes.com/sites/chuckjones/2018/03/11/bitcoins-next-futures-expiration-is-this-wednesday/#591965565ef9
Some investors will try to close their contracts early if the price moves in their favour.
https://www.forbes.com/sites/chuckjones/2018/03/11/bitcoins-next-futures-expiration-is-this-wednesday/#591965565ef9
Quote
The Cboe currently has four monthly Bitcoin contracts available. The closest one expires this Wednesday, and just over the past week it traded between $8,380 at its low point to $11,710 at its high, a 28.4% range. One news item that created this volatility was the SEC announcing that cryptocurrency trading platforms needed to register with it.
Bitcoin’s price on the Cboe closed at $9,257 on Friday. Since there is no physical aspect to Bitcoin all of its contracts will need to be closed before 2:45 pm on Wednesday or settled if the investor does not buy or sell their position. While there are many factors that drive Bitcoin’s price there may be some added volatility this week , and especially on Wednesday as the contract expires.
Bitcoin’s price on the Cboe closed at $9,257 on Friday. Since there is no physical aspect to Bitcoin all of its contracts will need to be closed before 2:45 pm on Wednesday or settled if the investor does not buy or sell their position. While there are many factors that drive Bitcoin’s price there may be some added volatility this week , and especially on Wednesday as the contract expires.
Some investors will try to close their contracts early if the price moves in their favour.
Last night, BTC started climbing with expanding volumes around 19:30 and regained the control over MA 5, which was almost the same as what I’d stated in my last analysis. However, the weak momentum indicated that it’s a normal rally. Until now, we haven’t got enough information to confirm whether price will effectively remain above MA 5 or not, which leads us to a same conclusion that the breakout is fake.
It seems price holds greater chances to repeat the move pattern, before BTC moves above $10,000 effectively, I believe the downtrend will remain intact, when it does, it will turn oscillating.
Original by Kuang Ren, translated and posted by AICoin Jami.
Check the full version here: https://www.aicoin.net.cn/article/16835.html
It seems price holds greater chances to repeat the move pattern, before BTC moves above $10,000 effectively, I believe the downtrend will remain intact, when it does, it will turn oscillating.
Original by Kuang Ren, translated and posted by AICoin Jami.
Check the full version here: https://www.aicoin.net.cn/article/16835.html
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