Bitcoin has basically gone parabolic the last few days, are we ready for a pullback?
Personally I was expecting a pullback about $1,500 points ago.
I was surprised we didn't pull back after we tested $6k.
Well, here we are and bitcoin tested $7,500...
So, as you might imagine, I am guessing we are due for a pullback...
(Source: https://www.coindesk.com/above-7-5k-bitcoin-price-hits-highest-level-since-august-2018)
Is it starting now?
With prices dropping a little bit ago from $7,500 down to $6,800 before bouncing back to $7,100 we may have got a little bit of a clue that prices are ready for a bit of a pullback.
Prices often get volatile near tops and bottoms.
With a pullback like that, I would call that pretty volatile.
However, with not many supports created on the way up, I am not really sure where we might pull back to...
I would not be surprised to see us retest $6k or so in the coming days as that was a major support level for most of 2018.
I think you want to be a buyer on this next dip though.
We broke all the downtrends.
Bitcoin is now in a bull market.
Buy the dips!
Stay informed my friends.
-Doc
yeah edicted turned out to be right that it would hit 7000 before a pulback lol
have a good day jr
Yep, it was a good call.
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Forget the dips; $10,000 is in sight 🧐
At this rate, it could hit this week!
Bitcoin is in a bull market or is not in a bull market ?
Yes, it's in a bull market. Buy the dips!
is in a bull market he made a misprint in the end . lol
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I think you want to edit that last sentence about bitcoin not being in a bull market? I think you meant to say that bitcoin is no longer in a bear market, but is now in a bull market?
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Ah yes, thanks! Bitcoin is now* in a bull market, buy the dips!
yup thats exactly what he meant to say
thats how i type with lots of mistakes
jr usually doesnt make them like that lol
cheers
Yep, you got it. Bitcoin is now* in a bull market, buy the dips!
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@jrcornel, It's a great picture to watch and let's hope that Bitcoin will continue the same uptrend. And waiting to see when Altcoins will follow Bitcoin, specially waiting to see the growth of Steem.
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Yea, steem has been a major disappointment over the past few weeks. Hopefully that changes soon.
Waiting to see that change. Have a blessed time ahead. 🙂
You and me both.
Thank you.
You may want to edit 3rd line from the end... "Bitcoin is not in a bull market." Edit - I see it was fixed.
Yep, got it, thanks!
Agree that we should see $6k to see if it becomes the strong support we saw last year, then some consolidation!
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The recent price action has been pretty crazy. Not sure exactly what is fueling it, but it's been fun!
I'm thinking short squeezes + algobots going crazy on the technicals... the recent news stories have been relatively bearish.
Except the Fidelity news and now Bakkt today. Both were extremely bullish.
You your own personal clue?I wonder how high BTC will be this year @jrcornel?
I think we see bitcoin hit $10k this year. If we go over that, we could go a lot higher though.
I think we break $20k next year.
I wouldn't be surprised if that happens because look at these gains for the past few days, crazy unless it is really again, a manipulation by some big whales called "Tether" LOL.
The Bakkt news today was big.
After Hodl'ing all this time I guess I can wait a bit longer and miss out on a few dips before I dive in. This just seems so out of nowhere, but then again does anything in crypto make sense?
Big price moves often don't.
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Never heard of it.
Thanks.