That was short lived

in bitcoin •  5 years ago 

So we hit 9k for a split second and got rejected heavily. The memes always were out in full display and even some more political figures were joining in the party. We seem to be getting a correction at the moment, but I think it's going to pop again any minute.


9000.png

An interesting theory being put forth is that the current tensions with China is what is driving the market sentiment at the moment, and even though that is plausible, it's also something that I don't find too comforting.

In other words, I don't know what to think about being happy that things are collapsing, the idea itself is conflicting to me, but I fully understand such is the way global markets work and probably will continue to do so.

Dominance of BTC had been slipping down, but this latest rally somewhat resets or more accurately postpones the infamous alt-season most of us are waiting for.

MenO

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Good sign indeed! :)
It's just testing the support levels again before going through 9k! <3

There goes the puuuummmmmpppp....Here comes the duuuuummmmpppp!

Excellent review @meno and of course it's a pity that we saw the price in 9K not so long, but I hope the markets will recover!

HODLERS no need to worry about it. It can be always overall gain in long term.

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The list of altcoins outperforming bitcoin is growing which means that it has already started. Many (actually most) altcoins will still go to zero no matter what happens to the market in general which will always make dominance be a factor.

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Touching 9k is actually insane I’m amazed to hear so little chatter about it we almost 50% to the Last ATH! I think 9/10k we will see the shills and opportunists flooding back in

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