WILL BITCOIN VALUE HOLD ABOVE $250?

[bornil267645]

Bitcoin price may continue advancing if the market can buy with extraordinary effort at the current resistance ceiling. The more likely scenario is a decline lower in three waves before a more sustained rally back to $300 and 1900 CNY.

Earlier today the Bitfinex Buy/Sell indicator was full-tilt oversold as 7,500 BTC were liquidated within 15 minutes.

[1715194675]

1715194675

[Morecoin Freeman]

This is bitcoin. It won't hold and it will hold both at the same time. Crazy market.

[maku]

This is bitcoin. It won't hold and it will hold both at the same time. Crazy market.

This is our reality and our own fault, people are not belive in strong bitcoin and that is why we have constant price fluctuation. Bitcoin is backed by mathematical concepts and promises, I guess you can't go far with that.

[Brewins]

No.

It is just the easter and weekend pump, as usual.

By monday prices will be back to sub 250 again

[ensurance982]

We could see another dip or two below $250, even if we're considering the current trend to be up. I think we're still far from safe and may even revisit the high $1xxs, but I do believe (and hope) for the bear market to be over. Hey bears, have you heard about the latest thing? It's called 'going long'!

[phoenix1]

Hey bears, have you heard about the latest thing? It's called 'going long'!

[ensurance982]

Hey bears, have you heard about the latest thing? It's called 'going long'!

Ha, that one's gold, Jerry! I think a lot of bear are actually really smart people. They know when to short BTC and aren't blindly holding on to their coins. When the time has come, they'll turn bullish again.