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Learning & News => News related to Crypto => Topic started by: newshunter on December 16, 2019, 07:00:58 AM

Title: Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce
Post by: newshunter on December 16, 2019, 07:00:58 AM

Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce

Bitcoin trading volume is in decline but a relief rally for the weekend may be in the cards for BTC

Source: Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce (https://cointelegraph.com/news/bitcoin-price-short-term-indicators-hinting-at-74k-weekend-bounce)

Would appreciate your opinion about this

Title: Re: Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce
Post by: Bobcrypto on December 16, 2019, 07:30:43 AM

Yeah, i think some times this predictions dose not follow the market trend, this is because there traders/investors that will take advantage of a little market positive movement to sell, this may bring down the price predictions. In crypto, any thing can happen within seconds and people utilizes these opportunity to make certain gain.
Again, some predictions can also lead to more price pump even if the said forecast was at $7400 on the weekend, it could also pump higher in most cases to hit $7500. This is just the drama, it look mysterious anyway.