Looks like everything is calming down after all the bitcoin price action from the last 2 days. Currently we are at $11530 after reaching $12100 on Bitstamp.
Bitcoin leaders on Youtube have done a good job to calm the market. Crypto Advisor and Ravinder has reminded us that we have seen the same bitcoin price action in the last 2 to 3 years and we have nothing to worry about.
Here is Ravinder’s view:
And here is Crypto Adviser’s view:
I also saw this video below from Heajin Lee below. He is seeing a new pattern forming and maybe we will not see $7200 as he predicted 2 days ago. Amazing how fast things can change in the crypto world. He is seeing a head and shoulders pattern that will take at to $14000 and then $19000. That will be very nice, but the right shoulder must complete first otherwise it might be a different pattern. See the last part of the video for possible 2nd pattern forming that is more negative short term.
Here is his video from yesterday:
Please comment below with your thoughts on Bitcoin price? Are we going higher from here?
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I'd be careful going in at the moment. We're seeing some very precarious sideways movement, possibly a triple top in the coming days. If the bulls fail to break 12k BTC... things could get ugly.
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Hi @orangesphere, any think is possible with bitcoin. :)
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Wise Words!!!
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I joined USItech recently and have 300 packages. Its a shame I didnt use you as my sponsor :(
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Awesome!!
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Wow, you are going in BIG @cryptocultivate and thank you for the compliment. :)
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Now at bitcoin and other cryptocurrencies one course, forward and upward. After falling prices and general panic, everything should calm down and prices will creep up.
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That is what most people are saying so I think you are correct @icoholder
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I think we are going higher, I'm interested to see if we dip a bit more before that, but I want to grab a bit more ETH here pretty quick because I think it will shoot up with bigger gains than BTC personally. Nice post
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Yes, that could be @jakeybrown
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I also mine bitcoins at Genesis. I had no panic about bitcoin price, it's not first timt the price was going down.
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When you are mining you get paid everyday even if the price goes down. Nice one @fortunee
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Thanks for sharing! When You Innovate, You've Got To Be Prepared For People Telling You That You Are Nuts. 😃
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Like that one @pjcswart
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Thanks!
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Indeed, very helpful... happy the market is beginning to smile back....
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Yes, very happy @deronke. Welcome to Steemit! When are making you first blog post?
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@colinbrazendale Soon enough, still trying to figure my way around here😊 Thank you.
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Awesome!
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Bitcoin is definitely going to get an increment as time goes on why because as at yesterday the value of my bitcoin had an increase alittle bit after a drastic drop in its value as at last week. And from statistics,its not the first time there has been a drop in value and the only way its balance can be gain is by making the public know that its just a normal trauma crypto currencies are facing. So best believe I admire your optimistic post. Will apprecu5appreciate if you share much detail on bitcoin when you get any..
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Nice one @clarkk
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My weakness is I'm always bullish on bitcoin..
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