**Will Bitcoin bounce back or dumped?**

in #mgsc6 years ago (edited)

Bitcoin the Mother cryptocurrency has touched to 5800$ on last Sunday which is low of 2018. Bitcoin price around 70% dip as compared to December'17 when it touched its all time high @ 20000$.
crash.PNG
graph btc.PNG
Now the question is - will it sky rocket in bullish form or it will dumped more. Does bitcoin turned into a pump and dumped coin? For the last few months bitcoin price is maintaining between 6800-8000$, it touched 10000$ only for a while where it crashes several times after a small bullish behavior.

The major causes of the dumping:-

  • Mount Gox sold large number of BTC & BCH several times on international exchanges between this time period.
  • last year pumping to 20k$ bitcoin maintained its correction.
    graph2.PNG
  • Whales are always ready to take advantages of the situation created fud to purchase in lower amounts.
  • FUD created and misguided regarding regulations of cryptocurrencies.
  • Manipulation by whales turned BTC lookalike into a pump & dump coin. Its time to get bullish no more dumping.
    no dumping.PNG

Bitcoin is ready to move into a strong bullish behavior, while writing this bitcoin is standing on 6173$, 6% higher than last Sunday. i hope whales, institutional authorities and crypto lovers are now ready to move bitcoin up to 10000$ very soon.
btc price.PNG
if you are connected with cryptocurrencies then i will suggest you to hold your coins and have patience, nothing can stop Bitcoin to cross its ATH this year.

@somenath30

END1.PNG
END2.PNG

Sort:  

nicee article...

thanks bro. hope bitcoin will soon on the moon.

Very good analysis bro keep it up .......

Very Well Trading Analysis .... What do u think on which month btc hit ATH???

thanks crypto.com
in my opinion it can cross its ath during dec18-jan19.
hopefully it will touch 25k$

Upvoted and followed. Do the same for me to help grow each other. https://steemit.com/mgsc/@navesumar/respect-women-you-are-nothing-without-them

ohh you are containing good points bro really excellent work

thank you bro, i will try my best to acknowledge people

I think bitcoin recover very soo, what is your thoughts?

yes bro you think right btc will up very soon as it is in a very good dip now.

Do you think btc can reach ATH this year?

If you are in this field, you must have patience!

Nice information. ..
Keep sharing. ..

Way to take profit from crypto

What do you think will bitcoin again reaches their previous price?

Yes bro bitcoin will be bounce back soon....BTC has a bright future

Awesome Post

Of course frnd...bitcoin rally will be start soon!
Excitement for the investors!!

Very good information about crypto market good job bro

The whole world is watching the prices of bitcoin. hope for the best and keep the finger cross.

Yes bro we think btc will be up

It's motivating because i was thinking of selling my bitcoin.

Yes I am holding and waiting, you shared a good information.

Great article brother ... please keep posting these type of articles so we can earn some knowledge about crypto world.

some people tell bitcoin will be grow up but i dont have crypto knowledge

it'll bounce soon