Bitcoinat 7000$

[Kariuki]

Bitcoin seems to be stuck at this are and its pressing so hard to break out, but 7k is it a psychological level that its developing, most people have a lot of speculation on bitcoin and they keep on wishing that the  magic that was there would be rekindled but not to worry there is something that bitcoin did with the global pandemic Corona.

The way it behaved showed there is no technical analysis to obey , there is no  traditional wave and prediction that can send us a clear stand that things will be better , but loo around , there are a lot of things that are happening, and there are so many people out there that really need to understand what are the best levels to which can help us understand this bitcoin, but fortunately we are getting a new strategy, bitcoin is starting to be affected by the global happenings, there is something happening and the traditional storage of bitcoin has been affected.

This could be because there are so many holders who thought it might crush, knowing well that bitcoin always moves very fast, or there could be people already spending their bitcoin, or either there are those who are actually exchanging it for other coins to actually to spread the risk, am not very sure , but bitcoin , having a resistance and support level around 7k and it is not breaking, sings a very strange song. 

I would wish that we would stop stand too much with bitcoin and actually venture ourself on other coins , this could be stellar for all I know but we need to change our strategy. the magic that was with bitcoin is no longer predictable, and it is causing a lot of problem and so its important to keep everything in perspective and always run this market with a totally new mindset.

Bitcoin days of predictability are over

I rest my case.

Good night and be Blessed.

stay safe

[Wassouf]

Yes today the price of bitcoin has reached more than 7000 USD, but the price is very fluctuating up and down several times per day, I do not think it is the right time to trade this currency.

[Ali saher]

Few days bitcoin price up down around 7k USD but I think this is temporary stock price. I think 1,2 week more price around 7k USD but next month in my opinion change the price.