In issue of hard fork, where bitcoin price go? Up or down?

in trading •  7 years ago 

Hello guys,

On 1 august we know that Hard fork will be active. And who hold btc will have free bitcoin cash. I think bitcoin price will go up cause lot of people want the free money from bitcoin cash.

From chart, also i predict that bitcoin price will go up too. It has finished the correction phase and ready to go up move once more. My target around $3400.

IMG_6824.PNG

Cheers,
Haryanto Trade House

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It will go up for sure in long term, but I think after 1st of august it will dip because lots of people sold fiat and alts just to get that "free" bitcoin cash.

There are a huge number of shorts on BTC right now. There's always the possibility of a influx of fiat after Aug1 uncertainty is over and squeeze out the shorts. Anyone's guess but sometimes when everyone assumes it's obvious that the price will go in a direction the opposite happens. And then of course it was obvious that this would happen in hindsight. Good luck to all of us!

As someone who is new to cryptocurrencies, I am incredibly interested in seeing what happens to both these crypto's respectively after the fork!

Agreed- this is a big moment in crypto history regardless. Will go down in the history books.

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