Bitcoin - Course for Week 38
This week...
... we had a lot of up and down movement and after it went down a while the course is again on the rise.
The stability of the Bitcoin has been put to the test several times. The news and rumors from China had added him badly in the last weeks. Not least, one of the largest banks JP Morgan (Mr Dimon), bashing the Bitcoin on TV which drove the course further down. But this bearish trend was interrupted yesterday by an upward move.
What is the trend in the long term?
In the long term, the rise in the price is clearly visible. This has been marked several times by descents. However, it has constantly increased in the last year.
Conclusion of the situation
This week the Bitcoin went up and down and in the last weeks rather down. He has stayed at around $ 3,750. In the long run the Bitcoin course is directed upwards and will hopefully crack the $ 4,000 mark soon.
If you would like to see more Bitcoin Week Analysis please
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Very interesting, i have the exact opposite opinion for near future
But of course, long term bitcoin will be on a rise.
For the near future may go way down because of the destabilizing news from china and the cut down of the china exchanges.
But for yesterday and today i was right with an up trend :)
Thank you for your information share.
you're welcome
Great post. Followed to see more.
Thank you!