[ Bitcoin Price] Bitcoin bounces but Bears are still out there
We had a well come bounce after the dump 2 days ago on 22 December. After that we had another down move to about $13550 on Bitstamp
It looks like the key support is at $13550 on Bitstamp and we would like to see lower highs from here to see bitcoin move towards $17000 again.
The bears are still in control and we need to be cautious. We had a bounce, but it was not as big as what we have seen in the past.
Here are more details from The Chart Guys on 23 Dec:
I also had a look at Haejin Lee analysist. He looks at a much longer view for the bitcoin price. It is interesting to see he is bearish now but very bullish later.
Here is Haejin Lee’s view:
I see 2 technical analysist being cautious so I am too.
Please comment below with your thoughts on the Bitcoin price.
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@colinbrazendale it is just a matter of time bitcoin will soon pass $20k but it may take few weeks.
Yes, only time will tell
The biggest problem of bitcoin is its market value volatility. For investors it's a knife that cuts on both sides, but what we need is to institutionalize it so prices evolve in a more healthy way, hereby not changing its integrity. Having a firm like Goldman Sachs invest in it is a great step forward if you'd ask me. I expect more banks and investment firms jumping on the cryptotrain in 2018, securing a more sustainable future.
Great comment @robin1991. Thanks. :)
I'm never fussed when the price is not as high as it can be, just gives me more time to buy cheap!
Yes, might be good time to buy now? Or buy now with 50% of fiat and the another 50% later when it is lower or higher. :)
Entirely up to you I say. :-)
Hodling for the holidays.
I hope to see the up trend continue after the holidays.
@colinbrazendale payed 10.0 SBD to @minnowbooster to buy a stealth upvote.
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