Bitcoin Forum
November 10, 2024, 10:19:47 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Will Bitcoin still remain trapped in a bearish pattern?  (Read 146 times)
PRDAEcontact (OP)
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
February 16, 2018, 04:10:30 PM
 #1

Bitcoin cash has rallied more than 96 percent from recent lows, will it still remain trapped in a bearish pattern?
MissionPhailed
Hero Member
*****
Offline Offline

Activity: 583
Merit: 503



View Profile
February 16, 2018, 04:17:39 PM
 #2

I personally suspect BTC won't leave the current bearish phase for a while. At least 95% of the previous gigantic surge in value of BTC was caused by (noobish) speculators who bought in because the price shot up. These times are now over and the bulk of the new and often inexperienced cryptotraders are now scared away and won't return for a while.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!