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Author Topic: Sign of improvement to the market price of the Bitcoin.  (Read 357 times)
thesmallgod
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March 28, 2020, 01:34:27 PM
 #41

With yesterday correction, I would advice people not raise their hope of that this short time recovery would be sustainable, $6200 level is an area of interest for me, those that are still on the sideline should still wait because the money that need to come to the space are not going to come anytime soon, over $3 million people filed for unemployment in America and just look at the ripple effect of this in coming weeks
Cointelegraph predicted the fall on their twitter page even before the price drop to 6.1k and currently, the coin is trying to recover but the chart is giving an indication of further falling probably in the next few days. Amid all what is currently happening someone would have to think crypto might fall deeply but seen the coin trying to recover might a sign that the pandemic has little effect on the price.
FlightyPouch
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March 28, 2020, 03:39:59 PM
 #42

I honestly believe people are pulling from the stock market and going into crypto right now. It is actually a more stable investment today.

We all know it is not stable since we just went from the big dump that happened and now, just after some days we are at $6K. The stock market is affected by the pandemic that is happening right now, it is also said that the stock market in our country is closed and that also created a negative big impact for us. I doubt that people in the stock market bought bitcoin that made it recover, I think it is the holders that bought bitcoin at that dump.

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