Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: tonymillions84 on May 25, 2019, 02:27:58 PM
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We all noticed how the market keeps fluctuating recently. from 6k to 8,500k and then a drop back to 7k loosing over 1000 %. if The current T.A is correct, we might be epecting the same bull run of dec/jan 2018 bull run. and this could be more higher.
what do you guys think about it?
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At the moment some kind of movement has begun, perhaps again the cryptocurrency market began to grow, so if it is, then there is a chance that bitcoin will reach 10k$, and perhaps growth will begin next month, in general we will see.
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I see most traders today are very careful in trading because otherwise they will bear huge losses, my advice is careful if you are trading for now because the market cannot be in place
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I don't think that this is the real bull. I still think that the bull is not here yet. This is only a parabolic fomo bull. Of course, the bull can be here, but it is not likely. The volume is not enough and bitcoin still not has any daily usage. So a healthy bull should be with us, if a healthy bull does not come, the retracements will be harsher.
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I don't doubt that BTC can reach $10, maybe even $12k, but I still think the price will drop 50%+ simply because the price has already gone up 150%, so to get to $10k it would be rising 200% from it's lows of $3.2k. Given the bear market has only recently ended (or so it seems) it will still take months for the price to stabalize before we see new ATHs. Throughout Bitcoin's price history long periods of consolidation ranging from 3-9 months have always occurred, especially to transition from a bear market to a bull market.
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We all noticed how the market keeps fluctuating recently. from 6k to 8,500k and then a drop back to 7k loosing over 1000 %. if The current T.A is correct, we might be epecting the same bull run of dec/jan 2018 bull run. and this could be more higher.
what do you guys think about it?
What I see is that these waves become higher and higher. If before, BTC fluctuations were plus/minus 3-7%, not, we are talking about 10-20%. Probably, bulls might come soon.