Morning Bitcoin Summary: Up 5.21%
Market Summary for BTC
- All prices in USDT
Up 5.21%
BTC gained $206.17 since the last market summary, a change of 5.21%.
- Last trade: $4166.17
- Highest trade: $4245.00
- Lowest trade: $3833.00
- Snapshot taken at 2017-08-14 06:00:03 MDT
- Previous snapshot: 2017-08-13 06:04:41 MDT
- Quote data from Poloniex
Alpha Griffin Boiler bot
v0.4.2
Bitcoins is going to be 10,000$
I hope so!
:D
I am waiting for a decent correction so I can increase my position in Bitcoin. To what do you think it'll retrace in the near future? I'd hope to around $3000, which is slightly higher than the previous low.
A correction seems inevitable. 7-day SMA is $3615 and 20-day is $3088. My guess is it falls back somewhere between. But if it goes lower than $3000 we may be headed back towards $2k territory.
Smarter people than I think it could go down to about $2221: http://www.altcointoday.com/bitcoin-price-will-go-down-to-about-2221-once-it-reaches-4827/
This is the same Goldman Sachs strategist who correctly predicted July's correction.
That's interesting. The article only refers to technical analysis and I am wondering if fundamentals are being considered. Fifth wave is well and all but what if the buyers / investors just hold on to their positions or invest more.
Dear @lannocc thanks for helpful post
It's my pleasure! Stay tuned for the next summary same time tomorrow.