BITCOIN RESUMES UPTREND - PRICE GOING UP TO $4,600
BTCUSD currently at $3609 just bounced off of the 50% Fibonacci retracement level, a level both feared and respected by so many traders, and since Bitcoin primarily behaves like a commodity given that it has very few economic structures that determine its price fluctuations, it responds excellently to technical indicators.
Bitcoin price maybe going up to $4,600 dollars in a few days, an excellent buying opportunity.
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I don't think so, there needs to be a real solid piece of news to drive the market that far that fast.
@bankholiday Well, on the contrary Bitcoin functions more like a commodity than a currency, and any slightly unusual buying pressure will induce other buyers leading to a momentum spur. We've seen that happen time and time again.
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