now Bitcoin price is all time high, I saw the news from China Central Television said there is a huge bubble in bitcoin. do you think so ?
https://www.aicoin.com/chart/59D56005BTC:
At present level, day traders should stop chasing high even though it means you may miss a chance to make a fortune. Believe it or not, a correction is on the way in the next few days as we can see on the daily chart with an increase in volumes, as for the target, price at 5-Day MA may be the temporary destination for the upcoming adjustment.
BCH:
The fact that BCH price can remain above the key level $1,520 is enough to indicate the strength of BCH as BTC remains extremely strong. Main funds in BCH are probably waiting for a chance, it’s very likely for BCH to move upward once BTC price moves sideways or begins a choppy move. Lots of investors quitted the game after price broke below $1,520 and surged above it later yesterday. Therefore, just wait for your chance.
ETC:
On daily chart, ETC price is expected to continue its uptrend as main funds hold lots of chips right now and find it difficult to sell their positions out considering the control strength in previous sessions. The reason why I suggested to reduce our positions by 50% yesterday was because the volumes are too large and price might be pulled back to 5-Day MA, therefore, it’s better to book part of our profits. As for adding to our positions, we don’t need to rush for it.
LTC:
When BTC price reached $5,000, LTC price was $82, but, after BTC sets a new all-time price with $10,000, LTC impresses us with an increase by $10 in price, which fully indicates how slow LTC is in increasing its value. However, LTC still sets a new all-time high and wins over most of the altcoins though the range is narrow. Don’t you think the surge is the result of a control in price, especially when no major bullish news emerges?
ETH:
From a psychological point of view, people will feel it hard to accept the fact that price is still moving sideways after 7 or 8 days. After being moving sideways for 5 days, are you ready for a longer sideway move of ETH price? Here’s my analysis: the present consolidation remains normal as long as price holds above $450. The purpose for
I do believe that bitcoin is pretty much always in some form of a bubble form. However, I don't believe that it's a bad thing. The bubble aspect of it is what allows it to rise so quickly. Even though it means a quick fall as well, I think there are some benefits in how bitcoin is structured and used that allow for it to be fine as a bubble.