The Bitcoin Bounce - Up, Down and Back Up It Goes [Bitcoin][Crytpocurrency]
How is everyone enjoying the Bitcoin trampoline bounce?
Last month on July 23, 2018 I posted Kin You Believe This? And Bitcoin is Back! Then 3 days later I followed it up with Giving Myself a Pat on the Back Wanting @Haejin Type Payouts Too!! - Called Bitcoin to $8200. In both articles I mention that Bitcoin price at around $6000 is significant because that seems to be where the price stops.
On August 13, 2018, the Bitcoin price once again went down and retested the resistance line at around $6000. The price has now bottomed and held at $6000 now at least 4 times within the last year which I mentioned in those posts. Lo and behold Bitcoin has now bounced off the $6000 mark on August 13, 2018 and is currently on a bullish trend back to $7400 - $7500 mark.
In my opinion, should Bitcoin climb past the $7500 mark, then I think it can easily climb back up to around the $8200/$8300 hundred mark. As I stated in the July 23 posting, $8300 is quite significant in my opinion because that is where last year the Bitcoin price recovered to after dropping to $6000 in Mid November. Bitcoin proceed to climb to $8200/$8300 and held there for about a week before launching into historic prices of near $20,000 per Bitcoin.
In the near term, my opinion is that Bitcoin will continue to exist, and will continue to hold a much higher price that it did last year in June of 2017. It seems that $6000 is a significant resistance marker that has been tested multiple times and could possibly make for a great entry point should we see those numbers again. I have a feeling we won't be seeing those numbers again, but you never know.
Let me know what you guys think Bitcoin goes from here currently at $7265 at time of this posting.
Full Steem Ahead!
@streetstyle
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gracias por el aporte que me ha brindado,espere no se olvide de visitarme lo necesito,feliz noche
I think BTC just went up crazily at the 4th quarter last year because people can buy BTC via credit cards plus Tether manipulated the markets by printing many Tether.
That is what I am expecting this year because they might manipulate the markets again while I think there is no more hope in buying BTC via credit cards which made a single person buy thousands of dollars in btc which makes a big difference if many people does it.
Another catalyst may catapult BTC price again and that is about the SEC decision. But if BTC continues to climb steadily it may get to 15,000 in December. @streetstyle
I dunno where it goes, maybe up, maybe down... :) I do feel 10K+ could happen if it goes up.
i think resistance has firmly set in at around $6000 and $7500 is probably the next wall, should we pass that with conviction to the $8300-$8500 range, then $10k will definitely be in the books for this year.
What do you think about altcoins? Some lost like 95% of value, and the BTC dominance isn't falling down. Will we see the all-time highs again? In the near future that is:)
I always tell peeps bitcoin is the grand daddy, so personally I hold more of that than anything else. I do like altcoins too.... especially the ones that do something that bitcoin does not... i.e. Steemit and Steem. Yes you can a bitcoin based social media platform, but it hasn't happened. I also like coins like Storj or siacoin and others too.
I also like a few of the micro-cent ones.... going from $7k to $70k is much harder than from $0.07 to $0.70 cents which is still 10x for both.
So I think that if btc were to go to $70k, then that 7 cent stock/token/coin might do 20x or 30x or more because money wise it will be easier to achieve.
As for all time highs, hard to say. Many say yes even as high as $144k per bitcoin in 5 yrs.... which I find hard to fathom... but then again I never thought $20k was even possible and yet it happened.
Hola amigo, buenos días, lo invito a conocer mi último poema, gracias por el apoyo.
Very good analogy of bitcoin and also other cryptos which are reacting with Price in a similar way. Thanks for this post @streetstyle and for sharing your insight :)
El steem poco a poco está subiendo, en más de una vez me ha sacado de aprietos ya que 1 Steem vale mucho al cambio de mi moneda local.
As you say if bitcoin can get 8300 the probabilty to see it over 9k is very high, i think when we can see more use for bitcoin, for example in japan you can pay your food,services and more with bitcoin and some alts, if we can see something like that in more and more countries the price will explote strong i mean we are talking that just the 5-10% o population in the world have and know cryptocurrency. Regards
Amigo @streetstyle cual crees pueda ser el precio del Bitcoin para finalizar el año 2018, danos una esperanza alcista por favor. Por cierto el Gift del trampolin es muy bueno
Aunque uno quiera todo los mas rapido..... embeces tenemos que esperar. Tengo mucho tiempo en Bitcoin, y por mucho tiempo el precio no subia y muchos se salieron antes de tiempo.
Es muy dificil decir lo que va pasar con Bitcoin, pero espero que mantengo el precio de hoy, asta posiblemente llegue otra vez a $10,000.
Buen consejo @stretstyle pero es dificil ya que para muchas personas la paciencia no es una virtud
Hola amigo @streetstyle buenos día excelente noticia. Bueno esperemos cierre este año con un buen precio.
Good morning @streetstyle, I turn on my computer and I see your post, thanks for making the day start with a smile.
I think the bitcoin will pass the 8000 barrier to continue its ascent, the probability of this happening is 50%.
have a good Sunday :)