Bitcoin bears broke $13500 yesterday and went all the way down to $12125 from $13757 on Bitstamp. That is a 10% drop! Who bought on the dip? I missed it. ☹
We went all the way up again to $13431 again and now we are at $12960. The bulls are trying to turn the price, but looks like the bears are in control.
The support is around $12125 on Bitstamp and resistance at $13431.
Here is the latest technical analysist video from The Chart Guys:
Also have a look at Tone Vays comments below on the bitcoin price from time 27:30 Tone is a little bearish because his chart are negative but not showing a sell signal either.
.Thank you everyone on Steemit for a great 2017. I wish you a happy 2018 and may you reach all your goals in Steem and Bitcoin.
Please comment below with your thoughts on the Bitcoin price.
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Regards
Colin Brazendale
Email: [email protected]
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 16 months. I am in profit and doubled my bitcoin in this time. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online.
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Maybe it just dropped from 22k because of one of the founders selling all their BTC. Will go up again soon!
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Not sure, but time will tell @pjcswart
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@colinbrazendale happy New Year to you to. I think BTC will still drop more
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Bitcoin is looking weak at the moment. I think the bulls will be back in the New Year @polaleye
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I Agree!
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12k end of year is a win in my book when you look at where it game from and all of the friction it had.
Start Price about $800 per coin now $12,000 + per coin
An yet after ALL of that bitcoin is up over 1,200% for the year shows how strong and how much further in 2018
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Agree, that is amazing stuff @bitcoinflood
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Thanks for the information. With China ban and all the sales in the name of Christmas celebration I am not surprised at the rates. I just followed you and hope to get more information on happenings in the crypto business. What alt coins do you think have prospect in 2018?
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I am only in Bitcoin and Steem. In 2018 I will be buying Techcoin for speculation only. I don't follow any other coin @dee13
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OK thanks. Please l want to start mining bitcoin, can you help me out on how it is done?
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Good review it is full of information about btc price. Thank you for providing this information
I think btc price falling due to the new year because people needs money to celebrate so they sell there btc but it wilk increase rapidly after new year
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That will add to the current weakness @ameerkhan
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How to invest in bitcoin.
Step #1 : buy bitcoin
Step #2 : wait 3-5 years
Step #3 : check the price
If you check the price during the 3-5 year waiting period, you are just adding unnecessary anxiety and drama to your life
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I like that approach :)
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Thanks for the review - I really feel lost with all of that price fluctuations and I hesitate whether I should buy or sell... reviews and videos like yours really help deciding what might be a smarter path to walk, thank you.
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I am very glad that this post could help you. Thank you for your support and comment @kivsha
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Interesting review. I'm new here and look forward to posting great content and seeing more of yours too. Follow for follow backs (:
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Thank you @exemplary
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It was interesting to read! I will subscribe to your blog!
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Thank you @gleb-jeglov
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this blog contains much information and i thank you in the core of my heart to give such a important information
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Thank you @bestmdfisal01
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happy new year to you too. @colinbrazendale
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thanks your post very helpful upvoted <3
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Thank you for your comment @rebecca80
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I agree with your opinion. I want to increase the cost of bitcoin in 2016. Because it is very important to reach our goals. I think it must be। thanks for sharing.
@colinbrazendala
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Thank you for your comment @baizid
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Really good information, thank you for that and also happy new year.
Do you think BTC will surpass this years high in the following year?
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Yes, I am sure it will @comanico
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Who cares about bitcoin? Steem it will be stronger.. Just look it! Growing and growing... Bigger and bigger!
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Cool!
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nice
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Thank you
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Hope the New Year Brings Out Much More Bright Future for Cryptocurrency.
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Yes!
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