Before the fork investors were very uncertain about the fate of Bitcoin. Surprisingly Bitcoin Cash has crashed and Bitcoin is staying steady around the 2,800$-2,900$ mark.
Will we see the 3,000$ mark broken tomorrow or in the following days?
Personally I think it will happen and the road to 4,000$ will begin. If 3,000$ is broken that could possibly cause a bull run for the rest of the market which would be very beneficial for all of us.
Last January the cryptocurrency market cap was at 17 billion. Now we are way ahead of that. Imagine what the following months may bring us.
Let me know your thoughts in the comments below.
If you are a really good technical analysis type of person for crypto. Does the candlesticks for most coins signal a long term up trend?
As soon as BCC gets freely trading, BTC will hit $3000
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possibly
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Actually It is happening as I am typing this comment. I feel like the mentality to support Bitcoin is pretty strong. We have to watch and see how the price will hold for the weekend.
Usually the crypto market tends to slow down on the weekend but the dumping of bitcoin cash is obvious. it is a signal of the availability of it on the market is pressuring the idea to dump.
Even steemit is moving positively at 5%.
So far it is playing in favor in Bitcoin.
Keep on steemit !!
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One can assume that the BCH price falling is being funneled into BTC which is causing BTC price to go up. If you take the combined prices of BCH aand BTC, $3000 has technically been breached. Another thing to note is the overall market cap of all coins is above $100 bn which just paves the way for a possible bull run. And seeing that we are now in the month of August, and the hard fork is behind us, there are 5 more months before the year-end goal of reaching $5000 can be made. Some even thought that $3000 was highly improbable by end of December and we are knocking at its door already.
In short, $3000 should be broken soon; not specifying how soon ;-) Enjoy the suspense.
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it broke 3000$ and is 3147$ at the time of this reply
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10:33 pm pst 4 august 2017 :)
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You are right!
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My analysis nailed the recent Bitcoin bottom and has made some very profitable price calls. Bitcoin new all time highs dead ahead. Please check out my analysis:
https://steemit.com/@haejin
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I think the question is now when will BTC break 4K? And as far as candlestick analysis- there are a few good indicators that you can use to get buy or sell signals but I like to stick to my Fibonacci retracement combined with Bollinger bands and Stochastics. The Stoch. charts will tell you more about when to buy/sell than a lot of other tools.
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Yep, I see it going up as well. €3500 would be a good goal in the near future.
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