Short term high target reached

[AlgoSwan]

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

[helloeverybody]

What goes up must come down, How far is the question we need to ask. Its shot up a fair amount since i went to sleep last night and now appears to be dropping back down some but who knows, maybe it will start going upwords some yet.

[yhansky]

Its a bull trap..  wait for another 2 days, a mass of bulls are coming..
Target for this month 750$ ..

[bitbunnny]

Its a bull trap..  wait for another 2 days, a mass of bulls are coming..
Target for this month 750$ ..

Thste high? How come that you are so sure?

[tampazeus]

Its a bull trap..  wait for another 2 days, a mass of bulls are coming..
Target for this month 750$ ..

Thste high? How come that you are so sure?

Looking at the present spike in the price of bitcoin, now I think that anything is possible, may be we can reach $800 at the end of this month or even before that.

[Cybertron00]

Its a bull trap..  wait for another 2 days, a mass of bulls are coming..
Target for this month 750$ ..

Thste high? How come that you are so sure?

Looking at the present spike in the price of bitcoin, now I think that anything is possible, may be we can reach $800 at the end of this month or even before that.

Well I think by the end of july bitcoin can touch above 1000$ so im holding it for now and watching. If I ever see a price fall ill sell mine immediately the rebuy again.

[BitcoinNewsMagazine]

Have to get past 4800 on Huobi first before the real fireworks start. Could be an interesting 4th.

[outatime1]

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

I agree that it can't keep going up in the sort term. There will probably be a correction soon and then later in the year we will see another more steady increase. It's just gone up too fast for it to sustain in the sort term.

[The Sceptical Chymist]

This is to be expected,  and the slope of this rise has my intestines all aquiver.  People should sell and take some money off the table.  It wouldn't be a bad thing if we got stuck at another plateau like the $430 one we were at for months.

[mirakal]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

[sotoshihero]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

[mirakal]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

It would happen again and another skyrocket by the BTC in the next few days. I believe the price will still rise and the halving effect is in the air. Buying now is a good option because the price is falling so you can wait until it will start rising again then buy.

[helloeverybody]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

It would happen again and another skyrocket by the BTC in the next few days. I believe the price will still rise and the halving effect is in the air. Buying now is a good option because the price is falling so you can wait until it will start rising again then buy.

For all we know the price its at now might be quite cheap compared to what it settles down to after the halfing.  The pump may have just stopped Temporarily to push out weak hands and then continue afterword.  The more people they can get to sell now the easier it will be for the next pump.

[nururochac]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

It would happen again and another skyrocket by the BTC in the next few days. I believe the price will still rise and the halving effect is in the air. Buying now is a good option because the price is falling so you can wait until it will start rising again then buy.

I agree with you, I still believe that the hype is around. Maybe the dump on the coin we see is just a normal marketplace transaction and trade volume that happens everyday or if not Im still hoping that its just some users trying to secure profits.

[helloeverybody]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

It would happen again and another skyrocket by the BTC in the next few days. I believe the price will still rise and the halving effect is in the air. Buying now is a good option because the price is falling so you can wait until it will start rising again then buy.

I agree with you, I still believe that the hype is around. Maybe the dump on the coin we see is just a normal marketplace transaction and trade volume that happens everyday or if not Im still hoping that its just some users trying to secure profits.

I believe there may be only 2 scenarios that will play out here.

Scenario 1 is as my above post, a shake out to get rid of weak hands followed by a continued pump once the time is right. This is a pretty good way to go.

scenario 2 is that the whales know fine well that a majority of people here are wanting to get out at around 800-1000 dollars,this is no secret. now the whales aren't stupid so they know they cant allow it to pump this high or else everyone will run off with their profits, so the price will never reach this high. The target was met and we are now either stagnant or on the way down.

[nururochac]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

It would happen again and another skyrocket by the BTC in the next few days. I believe the price will still rise and the halving effect is in the air. Buying now is a good option because the price is falling so you can wait until it will start rising again then buy.

I agree with you, I still believe that the hype is around. Maybe the dump on the coin we see is just a normal marketplace transaction and trade volume that happens everyday or if not Im still hoping that its just some users trying to secure profits.

I believe there may be only 2 scenarios that will play out here.

Scenario 1 is as my above post, a shake out to get rid of weak hands followed by a continued pump once the time is right. This is a pretty good way to go.

scenario 2 is that the whales know fine well that a majority of people here are wanting to get out at around 800-1000 dollars,this is no secret. now the whales aren't stupid so they know they cant allow it to pump this high or else everyone will run off with their profits, so the price will never reach this high. The target was met and we are now either stagnant or on the way down.

Your 2nd scenario seems reasonable for big whales to dump some coin before it hit specific price for people who's waiting a specific number to sell. But Im still hoping that this what we call big whales does not dump the coins price that much.

[mirakal]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

It would happen again and another skyrocket by the BTC in the next few days. I believe the price will still rise and the halving effect is in the air. Buying now is a good option because the price is falling so you can wait until it will start rising again then buy.

I agree with you, I still believe that the hype is around. Maybe the dump on the coin we see is just a normal marketplace transaction and trade volume that happens everyday or if not Im still hoping that its just some users trying to secure profits.

I believe there may be only 2 scenarios that will play out here.

Scenario 1 is as my above post, a shake out to get rid of weak hands followed by a continued pump once the time is right. This is a pretty good way to go.

scenario 2 is that the whales know fine well that a majority of people here are wanting to get out at around 800-1000 dollars,this is no secret. now the whales aren't stupid so they know they cant allow it to pump this high or else everyone will run off with their profits, so the price will never reach this high. The target was met and we are now either stagnant or on the way down.

Your 2nd scenario seems reasonable for big whales to dump some coin before it hit specific price for people who's waiting a specific number to sell. But Im still hoping that this what we call big whales does not dump the coins price that much.

Regardless, the price of bitcoins trend on fall back and rising is way more different. When the price rise it is like skyrocketing but the fall back is slowly so that could mean that the rise trend is more dominant and with that being said we can still witness the price to rise again.

[HeroCat]

Yes, in July - August BTC price can be ~ 750 USD, price go up due to BTC mining difficulty. BTC buyers are more than sellers. 

[helloeverybody]

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

Aside from halving, they said that its the chinese that are buying btc's that it help push upwards the bitcoin price. Those who are for short term traders,  or those who buys a month ago are on real profits now. Im still hoping BTC will gain further.

It would happen again and another skyrocket by the BTC in the next few days. I believe the price will still rise and the halving effect is in the air. Buying now is a good option because the price is falling so you can wait until it will start rising again then buy.

I agree with you, I still believe that the hype is around. Maybe the dump on the coin we see is just a normal marketplace transaction and trade volume that happens everyday or if not Im still hoping that its just some users trying to secure profits.

I believe there may be only 2 scenarios that will play out here.

Scenario 1 is as my above post, a shake out to get rid of weak hands followed by a continued pump once the time is right. This is a pretty good way to go.

scenario 2 is that the whales know fine well that a majority of people here are wanting to get out at around 800-1000 dollars,this is no secret. now the whales aren't stupid so they know they cant allow it to pump this high or else everyone will run off with their profits, so the price will never reach this high. The target was met and we are now either stagnant or on the way down.

Your 2nd scenario seems reasonable for big whales to dump some coin before it hit specific price for people who's waiting a specific number to sell. But Im still hoping that this what we call big whales does not dump the coins price that much.

Regardless, the price of bitcoins trend on fall back and rising is way more different. When the price rise it is like skyrocketing but the fall back is slowly so that could mean that the rise trend is more dominant and with that being said we can still witness the price to rise again.

I suppose it is possible that the whales have eased off with their buying pressure so they can observe what happens with the price,  as you say since price is only slowly dropping and not just s massive dump then they might add back buy support to try the next target they want to reach.  800 dollars maybe?

[groll]

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

I am discouraged by the rolling down of bitcoin price. I hoarded some of my bitcoins thats left in my wallet after withdrawing some. I am leaving a significant amount for the hoarding. But this morning when I opened my wallet the value goes down. I hope it will not go down anymore. If it does then all I have done has gone to waste.