Xarv Posted September 28, 2019 #1 Posted September 28, 2019 Hello folks Recently our dear Bitcoin has taken a little tumble in it's price. From it's stable 10,000 USD down all the way to 7,900 USD at one point. Initially when it first started to crumble I was very confident that the price will rise back up to around it's $10K during the day or the next, unfortunately this was not the case... As I am writing this BTC's price is around 8,200 USD, slowly recovering from it's lowest 7.9K but still struggling to grow back up as fast as it fell. I have high hopes that BTC will eventually go over 10K in some near future, in the mean time I was wondering ... I am curious what are your thoughts on it's current price and it's near future, Do you think the price will continue to fall ? or will it rise back up ? If so how long do you think it will take before going back to it's initial price before the crash.
Seoulmate Posted September 28, 2019 #2 Posted September 28, 2019 Next Friday at 2:37pm UTC, Bitcoin will reach US$10k again.* Over the coming months I predict the price of Bitcoin to go up and down, there's a possibility it may also go down and up. One thing I'm certain about is that, it won't grind to a halt and remain there for more than a few minutes (15mins at most). The price of Bitcoin is controlled by large institutional buyers mostly. They decide when it goes up and when it goes down. If they have a large order they wont risk driving the price up if the market cant fulfill the order. So they will force the price down triggering all the stop losses which in turn releases large volumes of BTC into the market at cheap prices, which they buy. This then reduces the supply and demand drives the price upwards again. I have seen this charade play out numerous times with Bitcoin. Let's wait and see what happens. At the end of the day only the 'smart' money knows what's actually going to happen. *Technical Analysis, and Fundamental research findings played no part in my prediction.
iamsheikhadil Posted September 28, 2019 #3 Posted September 28, 2019 5 hours ago, Xarv said: Hello folks Recently our dear Bitcoin has taken a little tumble in it's price. From it's stable 10,000 USD down all the way to 7,900 USD at one point. Initially when it first started to crumble I was very confident that the price will rise back up to around it's $10K during the day or the next, unfortunately this was not the case... As I am writing this BTC's price is around 8,200 USD, slowly recovering from it's lowest 7.9K but still struggling to grow back up as fast as it fell. I have high hopes that BTC will eventually go over 10K in some near future, in the mean time I was wondering ... I am curious what are your thoughts on it's current price and it's near future, Do you think the price will continue to fall ? or will it rise back up ? If so how long do you think it will take before going back to it's initial price before the crash. I don't think btc will go back above 10$k very soon. By very soon I mean this year, 2019. It has a high chance that it will soon start to rise in early 2020 which is like around April. But not in this year
Seoulmate Posted September 28, 2019 #4 Posted September 28, 2019 1 hour ago, iamsheikhadil said: I don't think btc will go back above 10$k very soon. By very soon I mean this year, 2019. It has a high chance that it will soon start to rise in early 2020 which is like around April. But not in this year So in 7 months (soon) bitcoin will start to rise to $10k What will Bitcoin do for 7 months? What is the cause of this "High Chance", which is soon to make bitcoin price rise? What is it that you think will happen in April 2020 to affect market sentiment?
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