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Author Topic: BTC Current Bullish & Bearish scenario  (Read 417 times)
tbterryboy
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August 13, 2020, 10:19:25 AM
 #61

Obviously the minor support levels wouldn't be able to hold out for too long, they would basically be destroyed by any whale that wants to destroy it by themselves, however if we could go up and the price stabilizes there the support would be able to grow bigger and make it harder to drop as well. This doesn't mean it can't be broken, as we all know bitcoin could be $20k or $5k tomorrow, it has that power and the whales can manipulate it that way, however we are not talking about the capabilities of bitcoin but more about what it looks like in the market right now.

So, what it looks like is that we need a stabilization at a higher level before we can say that we are safe, without any stabilization it looks like it could go up but the drop could be there very swiftly as well without a proper support level.
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August 14, 2020, 06:17:36 PM
 #62

The market is at an unpredictable state, because at times there is good growth with bitcoin and at times the same is happening with ethereum. The mutual growth between the two has begun today, and this could lead the price of bitcoin reach $12000 and ethereum to $500 at the same time period. The market hasn't turned to be bearish, maybe over the weeks we can expect price corrections and this time it'll happen only with bitcoin and not with ethereum.

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August 16, 2020, 12:16:32 PM
 #63

The market is at an unpredictable state, because at times there is good growth with bitcoin and at times the same is happening with Ethereum.

Everything depending with how the buyers and sellers are moving along the market, it reflects right
away with the conditions of the industry.

The mutual growth between the two has begun today, and this could lead the price of bitcoin reach $12000 and Ethereum to $500 at the same time period.

Bitcoin carries most of the alts, once bitcoin start to  rise, diversions will take place and top alts are
receiving the money from the traders.
Both coins are gaining recognitions from most of the traders so expect more incoming pumps from
this two valuable projects.

The market hasn't turned to be bearish, maybe over the weeks we can expect price corrections and this time it'll happen only with bitcoin and not with Ethereum.

No. Based from the current market ETH is down by 4% now it's also having some corrections not just BTC.

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