Many people bought Bitcoin to get free B2X coins from the hard fork.
This helped in making Bitcoin reach a new all time high of 7900.00 level.
Now after the cancellation of the hard fork, Traders are trying to short Bitcoin which will cause a dip.
But I don’t expect a massive sell off.
People will use the opportunity to get cheap altcoins.
During the latest Bitcoin rally the altcoins suffered badly, so basically the money is moving back to where it came from.
Now that the segwit2x menace is over,
Bitcoin will most likely take a run-up.
So far the dip isn’t that big as Bitcoin is holding really strong.
Dip around 5825.00 - 6500.00 level is expected then probably will move up to the next bigger resistance levels.
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Very true my friend.
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Off course you are right..we don’t expect a massive sell out of bitcoins.. definitely it’ll comes down from its crown position to some way down as you said..Preferably it’s the time for Alt coins..
Right today one new ICO making crowdfunding Telegram groups EDU.. @lordoftruth
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You are so completely right. Alts are where its at right now. How much do you believe in lending programs like bitconnect? There are alot of ICOs that sound really interesting in idea but to actually pull it off I.E. Electroneum. 3-4 weeks until the coin will be released because of a treacherous hacker attack. What do you think happened?
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I can agree with contents. Great analysis of BTC.
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Thanks for update bitcoin midday.
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You are right @lordoftruth ;)
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great post. very needed post.
thanks for searing.
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Thank you for the update :)
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Hello, I had planned a little money to meter on the BTC just before the segwitt2xx.Now that we know that the separation will not take place. Do you think you have to be on the alt or the BTC first. My money is waiting. thank you for your advice
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Great informaton about cryptocurrency...
Thank's for sharing
@followed and upvoted sir
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you are right.
And after this dip bitcoin will move towards all time high.
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i agree with your thoughts, it's great time to buy some alt's because the rally time of alt's starts now, i am also so happy to see steem back to 1$ and i hope we should see more gains in steem price too. thanks for sharing
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img credz: pixabay.com
Nice, you got a 61.0% @peaceandlove upgoat, thanks to @lordoftruth
Want a boost? Minnowbooster's got your back!
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The @OriginalWorks bot has determined this post by @lordoftruth to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
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Segwit2x was cancelled. What the next step. You have better analysis bitcoin trend @lordoftruth.
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I agree with you and I must say this is awesome post.
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A very logical analysis and I am personally convinced of your opinion
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I AGREE WITH YOU THAT HARDFORK OF BITCOIN CAUSED A RISE IN PRICE OF BITCOINS AS PEOPLE STARTED BUYING IT AT EVEN HIGH PRICES IN GREED TO GET SEGWIT2X FOR FREE. BUT NOW THERE WILL BE A FALL IN PRICE OF BTC BUT A LITTLE ONLY NOT TOO MUCH. SO HOLDING IT FOR RIGHT TIME IS VERY IMPORTANT!
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bitcoin cash is rallying up too :D
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