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Author Topic: Where will bitcoin level off?  (Read 549 times)
New2coin (OP)
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August 05, 2017, 05:58:22 PM
 #1

Bitcoin has passed $3300 as of now. If/When this surge dies off where will bitcoin level off at?
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August 05, 2017, 06:08:31 PM
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Bitcoin has passed $3300 as of now. If/When this surge dies off where will bitcoin level off at?
Support at $3000 is quite strong right now so I think it will be base price for next pump when this one will have some correction. However nobody can exactly predict market move, I am just expecting few investors who have bought bitcoin below $2000 to take profit out at $3500 to $4000 level so correction is just around the corner.

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August 05, 2017, 06:10:27 PM
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That's pure speculation. Nobody knows. In addition you would first have to define what "level off" does exactly mean, since Bitcoin's price is unlikely to be completely frozen.
New2coin (OP)
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August 05, 2017, 06:12:23 PM
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Level off as in stay steady for a bit. When it surged to $2900 it leveled off around $2600. At some point it has to level off or people will not be buying it.
CyberKuro
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August 05, 2017, 06:49:26 PM
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I will consider bitcoin may drop back to $2700 again as a check point such as before if something goes wrong or a correction will be happen.
But, I like to think it won't be happen due to segwit will be activated through BIP141 https://coin.dance/blocks
Bitcoin price could reach over $4000 in this month I guess if people not swayed by bad news regarding chain split, hopefully.
DaMut
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August 05, 2017, 07:34:31 PM
 #6

if segwit will be activated in the coming days Bitcoin price can goes to $4000 marks in one day and then slowly retracing back.
and for what level ? nobody can answer it because it's pure speculation,but if we really hit $4000 or more when segwit activated i am confident sub $3000 will be Bitcoin support for a while and after that another rise happen again in the future.
well another news(rumour i hope so),i heard another chain split will happen soon ? like in November or something like that ?
if it's real and Bitcoin prices around $3000~$4000 it's possible for us to see $2700 or around that point and then slowly rising again.
gr.mak
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August 05, 2017, 07:36:59 PM
 #7

I sold on 3300. Waiting for down on 3k. I hope buy then again.
Next point is 3500-3600, will see...
New2coin (OP)
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August 05, 2017, 08:10:30 PM
 #8

As for right now it's been holding steady right around $3250. I know it's only been an hour but could this be the new price for a bit?
New2coin (OP)
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August 05, 2017, 08:16:40 PM
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GR-Mak as of right now that seems the correct move. I better a lot of other are doing the same. I think it'll go down to $3000 or under before going up again.
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