Bitcoin to drop to $2450-$2500?

in bitcoin •  7 years ago 

High above moving averages, Bitcoin looks ready to drop to the 2450-2500 USD range.

I'm looking to add to my position in that range, but the technicals look weak right now with diverging signals today.

This is not financial advice.
Disclosure: I'm long BTC, XRP.
Looking to add XEM.

bitcoin money cryptocurrency
7 years ago by

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      ·  7 years ago 

    Whilst ever people are selling their BCC windfall to buy Bitcoin IMO the price will be trending higher, how long this lasts in anyone's guess. There is still quite a few people who for technical reasons can't access the BCC but will be looking to sell once they can and also it is quite slow moving BCC at the minute. I can see the price trending higher for the next few days/week at least!

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        ·  7 years ago 

      Do you mean BCH (Bitcoin Cash)? BCC is Bitconnect.

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          ·  7 years ago 

        Check out my price forecast bro :) I just wrote the latest one.... Yesterday I included a bonus BitcoinCash forecast: https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-8-4-2017

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            ·  7 years ago 

          Interesting. Are you charting on 24h? The weeklies show serious reduction of buying power.

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