[2017-06-21] Bitcoin faces another test as users battle over how its trading...

[BurstIncomeAsset]

Bitcoin faces another test as users battle over how its trading platform should be used

The price of Bitcoin remains on a rollercoaster as investors and developers continue to battle over its future.

The cryptocurrency crept above $US3,000 a little more than a week ago, before crashing to almost $US2,000. Since the start of this week it’s been on a steady climb back towards $US3,000. This chart shows the recent fluctuations:



Read more at https://www.businessinsider.com.au/bitcoin-faces-another-test-as-users-battle-over-how-its-trading-platform-should-be-used-2017-6#EiJVJ5A1uVYAeSb4.99

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[Slow death]

Really is a big battle., it seems that  $3000 turned something difficult to reach, every time it approaches the $3000 the price drops a lot.

[1Referee]

Really is a big battle., it seems that  $3000 turned something difficult to reach, every time it approaches the $3000 the price drops a lot.

Of course it drops at the time the price is nearing the $3000 level - the market is simply said overbought. Current levels are simply not sustainable for long, which very well explains why the price is bouncing up and down so frequently. In order to justify a move over the $3000 level, we have to wait for the hard fork to kick in, and in the meantime, we have to entertain ourself with the wide fluctuations that the market experiences at sub $3000 levels.

[TraderTimm]

Like some have already said, it isn't surprising that we got rejected at new round-number price levels.

Happens all the time.

We're currently digging a bit of a warbling "trench" here around 2,600 - 2,700 and will probably make another go at 2,800 in a while. Just all part of the process.

Even if we have another decline, I'm not too worried about it - our weekly and monthly gains have been pretty solid.

[richardsNY]

It's fairly easy to point out that we have gone up too much in such a short period of time. It would make sense that by this time we should be speculating about the market to touch the $2000 level for the first time ever, but the market was a few steps ahead of everyone. Despite the SegWit2X news, I think the market will remain moving within its usual range. No one should be surprised with how the market has been fluctuating, it's normal in current circumstances.

[Panda Trump]

This is the awesome thing about Bitcoin: It's so predictable! You could've guessed that once it touched $3000 it would've easily fallen down to atleast $2500 and most likely even lower.
Bitcoin will probably rise up to 2800-2900 again and then drop down a bit again, go up again... down... You can guess it!

As a wise man once said:
Bitcoin is not a battle. It's a paradise.

Regards,
Trump