The Bitcoin Bounce
Three days ago I posted about KIN & BItcoin, mentioning that Bitcoin would mostly likely get to $8200, and that $8200 was a significant number.
In that post I explain why I thought that Bitcoin would go sideways at around the $8000 - $8200 range. I realized that Bitcoin actually climbed past that to around $8500, and immediately thought that I this Bull trot might turn into a full on stampede. Things calmed down, and now it is consolidation time. The market needs to regroup, absorb some of that madness from the World Financial Sector and find more Bitcoin and cryptocurrency real world use cases.
It seems that Bitcoin has tested $6000 several times without really seriously pushing down below that. Bitcoin found some nice support at the around the $7500 level, and I believe this will be resistance should the Bear peak out and scare this baby bull. Should Bitcoin continue to consolidate at these prices maintaining some nice volume, any good news for Bitcoin and cryptocurrency in general could send Bitcoin to the $9000 or even $10,000 mark.
Read the blog and see the chart Here
Last year was an amazing run. Could it happen again? Last year as it continued to climb after summer and into autumn, it jumped into the $8000 range before dropping back down to around the $6000 range. It test those waters, didn't like them and jumped back up to the $8000 range for about 1 week. Then about 30 days later it grazed $20,000 per Bitcoin.
I personally don't see that kinda of momentum happening for Bitcoin, but then again how could anybody?
Full Steem Ahead!
@streetstyle
img src:
Pic 1
Now you can do double pat on your back ; )
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I think Bitcoin price will 10000+ next month
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Great prediction..@streetstyle.. and @haejin...
Hope BTC exceed 16000 again at the end of the year..
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I think btc will reach $15000 next month
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There is always a great hope for bitcoin. Bitcoin never disappointed us. we just need huge patience. Since from 2009 it's gradually increasing and now the biggest asset.
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@streetstyle I heard that as CME contract is expiring there can be an uncertainty in price. Do you know anything about it?
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I don't believe it should affect the current price of bitcoin since bitcoin themselves aren't actually bought and sold but rather a contract is bought and sold for fiat.
Tom Lee of Fundstrat states there is correlation, but at this point I don't think neither he nor anyone has pointed out causation if so.
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Thanks a lot for explanation. I have some more doubts. I will ask once we get the idea about the price after contract expires. Basically it is about price manipulation.
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i believe that cryptocurrency with BTC and steemit are our journey to a better future.
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the market price of bitcoin is ups and down in every hour...but i hope its increasing after some days
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I think btc will touch $9000 within next one or two months. So next coming days are important. You said well that is the time to btc will show some resistance. @streetstyle your prediction is is meaningful and important about btc.
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I think your prediction is great.
Hope this bounce is for the greater part.
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I think end of the 2017 we can again see the magic moment of bitcoin in the end of 2018 or in the early of 2019. I think the bull is over. Bitcoin is my precious and dream of billion crypto lovers.
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Good call! I think your optimism about the near future will be realised sooner than you expected.
Clif High also said Bitcoins would take a big rise this year.
Thanks for very good work, a very nice article.
Cheers.
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On Wednesday, 25/7/2018 Bitcoin traded USDT 8,300 per BTC.
I think it takes USD 200 billion for Bitcoin to get back to 2017 levels, but the presence of Blackrock has paved the way for that level or more, I think.
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I place my confidence in Bitcoin because the price of Bitcoin will always move and move towards the Moon.
love for bitcoin lovers.
Followed your blog.
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1st one is the best one!!
its too good!!
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I hope this paper becomes a reality, I strongly support, hopefully this information can be used as a reference.
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Very good info if bitcoin prices increase, I really like it
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i think it will bounce back to 6000 before going upward like last year.
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I think your prediction is great.
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cryptocurrency is unstoppable...nothing can stop it's revolution
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My prediction is bitcoin price will 15000 in this year.Thanks for sharing sir @streetstyle.
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Taking knowledge of the information in this article, the spirit of re-investing bitcoin
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Harga bitcoin melonjak merupakan harapan bagi kita untuk bisa terus berkarya
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Market is stabilizing and if it goes like this, now bitcoin is testing at 8000 - 8500 range, and it's a good sign to have a long awaited rally.
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The title is freaking awesome. It instantly caught my eye. As for BTC price I am very happy it has left behind the 6000 mark.
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Does this mean you were loading up when the prices were in the $6,000s? How about now that it's in the $8,000s? Still think it's going up?
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Everyone deserve justice they should too get it
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A little longer being a rich man, good luck always
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I dunno if you remember but in one of your last posts you asked, will it go down to 7 or up to 8. I always say up, feeling good when I'm right:) haha
As long as it goes up by a yearly standard chart its okay, right?
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Thanx for the knowledge ,
Up vote ,
And followed.
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I hope bitcoin will reach $30000
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yes you are absolutely right, this is the time to for bitcoin to show some resistance, and it is doing pretty well if it continues to do this, and a single good news from somewhere, it could bounce to 9000$ as you said @streetstyle. i think next two or three weeks are crucial, if it stays like this, we could have a bull run in sep or october.
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Cool prediction.
I hope it only goes upwards from here
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hopefully, but i think it will bounce back to 6000 before going upward like last year.
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Hopefully upload the bitcoin so it will have more flow, @streetstyle.
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