It seems Bitcoin and all cryptocurrencies are on their way back up according to coinmarketcap.com!
Now everyone is saying crypto needed a breather, but if you notice we saw a huge dip in the stock market as well..
So this was not just Bitcoin and cryptocurrency that got hit, but more the whole economy.
However in a post 2 months ago I mention that I thought Bitcoin could go to $6k-$7k before going back up..
Which you can see that is pretty much exactly what happened here.
Conclusion
Nobody can expect something to go up consistently without taking a breather..
However with distributed ledger technology, and all of the great blockchain projects including STEEM.. I think this is a very exciting time to be in crypto!
Let me know what you think in the comments below, and thanks for checking this out!!
Post - Vote - Earn 🤘😄
Disclaimer: I am not an Investment Adviser, and this is not investment advice. This is for entertainment purposes only!
It's great that the market is recovering, but I think we would have been a lot higher if Tether wasn't weighing on investors' minds.
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Yes they should just switch to SBD
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I love looking at this good news! Last month I was sweating bullets about to panic sell lol. Good call on 6-7k! I'm hoping for 12k next by the end of the month I think it's likely hbu?
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Thanks brotha, and yeah I think this year will be a crazy year.. It wouldn't surprise me if it hit $20k again honestly though..
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Oh wow that is a great news for all bitcoin buyer..And all cryptocurrency is sometime hiking and sometime decreasing but it never remain low or high for long time..And yes it may also hike up to 6k to 7k and i also think that it may go up to 10k this year..Thanks for the information..@stealthtrader
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How long would BTC stay up around $10K? I would be surprised if BTC does not retrace down towards this weekend....How far would it come down if comes down by this weekend
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Thats really good for the health of cryptos,now all eyes on G20 and the coming crypto currency show London,bitcoin gonna get pumped or not can't say yet,but steem is definitely gonna go up after the London show.
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