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Learning & News => News related to Crypto => Topic started by: newshunter on November 10, 2019, 07:01:05 AM

Title: Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?
Post by: newshunter on November 10, 2019, 07:01:05 AM

Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?

Bulls need to push Bitcoin price above $9,300 and defend $8,950 to prevent a downside break that could extend to $8,300

Source: Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish? (https://cointelegraph.com/news/bitcoin-rallies-hardest-in-november-so-why-are-the-charts-bearish)

Would appreciate your opinion about this

Title: Re: Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?
Post by: Senin on November 12, 2019, 07:14:07 PM

We have already seen more than once that the price of bitcoin is practically impossible to predict. In the second quarter of this year, bitcoin almost quadrupled in price unexpectedly. After that, many were sure that it would continue to grow, and could grow slowly, but. And now is November, the period of its traditional growth, and we are afraid that its price may even fall. Recently, the price of bitcoin in two days increased by two thousand dollars, and we still did not come to a unanimous opinion on what caused this sharp increase. The fact that the Chinese president spoke out positively about blockchain technology is not even directly related to cryptocurrency and cannot be the reason for such an increase in the price of bitcoin, especially for a few days.
Bitcoin, followed by the entire cryptocurrency market, can start to grow rapidly at any moment.

Title: Re: Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?
Post by: Urfin on November 13, 2019, 11:34:58 AM

Two news items put pressure on the quarter: libra and gram.