Bitcoin bulls run to $17192 about 2 days ago and went down all the way to $15585 on Bitstamp. It is currently at $15785. So $15585 is temp support if this breaks we might go down to next support at $14290. But so far things are looking good and this dip might be good consolidation and an opportunity to buy in on Bitcoin before the next rally.
As I showed you in my last post, there are many analysts looking at $23500 as next target for Bitcoin. So this looks like a small pull back. There is resistance at $17192 so we want to break this to make new highs to $23500.
Here is the technical analysis from The Chart Guys on Bitcoin, Ethereum, Litecoin, Ripple and Tronix:
Please comment below with your thoughts on the Bitcoin price.
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Now with the new futures I feel bitcoin has a noose around its neck and may soon be as manipulated as gold and silver.
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I hope not @marky only time will tell.
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I definitely feel that Bitcoin will race back to its all time high of ~$19K. Sure it has been low for the past few months but not to forget, Bitcoin is the one who introduced cryptocurrencies to the whole world. Huge amount of population will name Bitcoin if asked about cryptocurrencies. Lightening fast network will bring great improvement to the most famous blockchain technology of the world.
HODL Bitcoin.
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Yes, Tone Vays is hoping that we will get to 19000 this week. Thank you for your comment @blog-beginner
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I have always HODL my Bitcoin investment from day one. Somehow, I think from my heart when it comes to Bitcoin. I am very practical about my investments in alt coins but with Bitcoin, it has emotions attached to it. :)
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Bitcoin will always be the ''gold standard''. If bitcoin fails the crypto currency world will fail and we will have to move on to something else. :)
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Yes, it is the trend setter for the cryptoworld. The world will definitely turn their back on cryptos if BTC fails.
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Thanks for the awesome post. Nothing to worry, if Bitcoin goes down, then opportunity to buy low and if it "goes down" again, then just another opportunity to "buy low" again.
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I link that view @gvincentjosephm
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I think this is definitely a good opportunity to buy. I doubt Bitcoin will go lower than 15k this week. Thanks for the informative post. Have a nice day.
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Just went down to $15190 on Bitstamp. I did not expect that. Hope that is the low for now @riovanes.
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every day a buying opportunity is that the principle of trending
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I appreciate your post and hint but the fact is that bitcoin fluctuation is scary compare to EThereum, ripples... and sure i have benefitted from bitcoin but now other crypto is out and making hit is it safe to invest much in bitcoin ? Or will one spread his investment on several crypto. General view will be needed on this though .thanks omes more. God bless 🖒
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imho, bitcoin will go down lower first, here is my view https://steemit.com/bitcoin/@superblocks/bitcoin-btcusd-heads-lower-to-7500
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Welcome to Steemit @superblocks I am going to watch it now. Very interesting to see you view on Bitcoin consolidating to 7500. I don't see any other analyst with the same view.
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thanks @colinbrazendale. Alts seems to have more room to go higher and seems supporting the BTC downmove
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This post has received gratitude of 1.03 % from @appreciator thanks to: @colinbrazendale.
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It is a buying opportunity now.
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Awesome thanks for sharing!! I think will stabilise this year!
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Bitcoin captured the attention of investors on its way to a 1400% gain for the year. Debates raged over whether it qualified as one of the greatest bubbles of all time or if 2017’s gains were just a stepping stone to future values.
What does bitcoin do for an encore? We’re comfortable calling it a (crypto)coin flip. It’s clear that the speculative animal spirits of this market rally seemed to concentrate themselves in the digital currency’s astronomical rise. While this type of euphoria is often a hallmark of a peaking market, this euphoria doesn’t appear to be marketwide, instead being concentrated in the cryptocurrency craze. Bitcoin, in our view, is not a systemic asset that poses a threat to the broader economy or investment landscape, meaning a repeat performance in 2018 or a collapse in bitcoin value shouldn’t be a primary driver in broader stock or bond prices.
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