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RE: Crypto Dives AGAIN? Trading and Some Warnings
When BTC peaked at $20K+, I was confident that it would correct, but I thought it would settle at around $15KUSD. I'm still feeling surprised that it's fluctuating between 10-13K. I will be even more surprised if it reaches the $8.3K mark. That $10K line is a strong psychological barrier, IMO. But then again....
The 10k line was sliced through in the last 2 pullbacks and didn't seem to be much resistance. Today, however, it seemed to hold.
When BTC was on the way up from $15K up to $20K, the move was too parabolic. This is a much healthier market and institutional market will be moving in.
institutional money is very cautious, if they do move in, why would they move into BTC?
the idea of institutional money moving in when there is so much uncertainty about the future of bitcoin and weather a coin that was created to be money will ever get the kind of backing that was once imagined, is no longer so promising imho.
$10k seems like it should be a strong psychological barrier, but it certainly wasn't on the way up. BTC blew through $10k on the way up, so it certainly could do the same on the way down.
Don't be too surprised by anything Bitcoin does and you'll be fine. I wake up every morning expecting it to either be up or down 20%.
That's right. recently I am surprised to see it maintain let alone go up! it seems that there are less and less reasons to invest in bitcoin and more and more reasons to explore other coins recently, although I strongly believe in bitcoin's ability to fix all its current problems, it seems that the developers or those calling the shots among them have a different idea and direction which is becoming very suspicious.
Like @lordprime said "This is a much healthier market", and I agree with that. The price of BTC is currently sitting at 10,884.60 USD (-0.03% change). The rampage momentum has dried up for the moment, but I'm willing to bet that it will greencandle up to $23K+ in 2018. I feel safe making that claim. Absolutely no facts or evidence to back up that claim, just a gut feeling that the momentum will boil up again this year. 2018 will be a rollercoaster... @cryptovestor, I dig your work. Keep it up.
I think we might see $8K pretty soon with this market conditions and news spreading FUD non stop just to get that clicks.
Besides the support on $10K level has been tested for multiple times now.
i agree 100%
Absolutely true. I am personally waiting for the price of bitcoin to drop to 8-7k USD before buying a couple of coins and enjoying the volatility and observing the market trying to pass the 10-11k$ support over and over again. We will wait and see what the next month brings around. Fingers crossed 🤞🏽
John Shill McAfee must be terrified by now! The next thing can happen is that he'll end up eating his own dick.