[2016-07-16] news.bitcoin.com-Bitcoin’s Price Kettle is at a Boiling Point

[Strongkored]

Bitcoin’s Price Kettle is at a Boiling Point

As reported earlier by Bitcoin.com, the price of Bitcoin has consolidated into a pennant pattern, suggesting a high possibility that the price is ready for an up-move as the average value has been above a gradual trendline. But while breaking $800 would affirm pennant predictions, there is currently a lot of sell pressure near the $700 mark.

READ MORE >>> https://news.bitcoin.com/bitcoins-price-kettle-boiling-point/

[shield132]

good news but wait and see what will happen in future, many bitcointalk users were saying that at halving the price would be grown immediately but as we see, it's almost the same.

There will be a good time for traders when price will move up.

[Strongkored]

yeah, some time ago I had to make posts before halving. Because there, who asked how the price of bitcoin after halving, lucky for me to answer nobody knows bitcoin prices rise or fall only predictions only and we will know after halving happen

[richardsNY]

It's not that hard to figure out that the price has more chances of going up at this point. I think we'll see the price hit the $700 level this month. I do however agree that when the price is very close to $700 that a lot people will grab that moment to start cashing out their profits. I might do the same as I managed to sell around $750 and buy back at sub $600 prices.