[ Bitcoin Price ] Bitcoin pulling back
The bitcoin price is in health consolidation and we are seeing a pull back and a small dump. But we bounced back again like we see Bitcoin always do.
Tomorrow is a big day when the futures markets open for business for the first time and we might see much more volume in bitcoin going forward.
Here are The Chart Guys for more detail:
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@stealthgoat
After reaching a new historical record on Friday afternoon, above $ 18,000, Bitcoin then entered a correction phase, which seems logical following the sharp rise this week.
It remains to be seen whether the arrival of Bitcoin futures, which will be offered tomorrow to customers of the Chicago Board Options Exchange, will have an impact on its price.
Yes, we need to be grateful for this correction. It is healthy for bitcoin price. I think we will keep on seeing bigger volumes like the last week and there might not be a dump to much lower than what see now.
Thank you for your comment @tighilt
I agree in this case the correction was very much needed. VERY VERY MUCH!
In my opinion you should sell your bitcoins cuz big storm is about to come
Only time will tell @turksays
Nice video, I roll a bit more conservative in my trading style, but I'm all in on the concept of block chain technology. I can't wait to see what the future brings. The introduction of futures is going to shake things up short term. As will the added regulation that is around the corner..
There sure is a ton going on today in the market, BTC is getting murdered.. LtC did great as the rats jumped the BTC ship to store wealth there.. Should be a great time for trading ahead.. The futures coming in, panic, blood in the streets... lol.. High volatility ahead.
This will certainly add an entirely new dimension to things.. I see a ton of action that is going to shake things up today....and through the rest of the week..
The pain is going to get to great for those that bought late to stand and they will sell at the wrong time and back into the buyers who see the turn. Honestly I'm full Fiat at the moment, save intraday trading.. but its going to be a ride..
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https://steemit.com/bitcoin/@pawsdog/12-9-2017-the-market-view-and-trading-outlook
Thank you for your comment @pawsdog. I am all in bitcoin mining, so the price is important to me, but I am not betting on the price of bitcoin.
As a miner, how do the utility prices affect your operation?
Me Neither! DANGEROUS Game To Play!
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