When will the reversal happen?

[barota]

Will complete the drop  .  tomorrow  dump and dump More than today

[barabut]

Bitcoin is increasing and the volume also increasing, so that's what I am concerning about what will be the outcome. Bitcoin seems to be going up but at which level. 5000+ is a kind of psychological level do you think that it will reach 10k quickly or dumping period will start.

[buneskiti]

I dont think we will have such a terrible reversal, crypto is at a point where money is in it for long term. the BTC pump to $1000 was an exit for many people (until it hit $200)

[coinzoid]

Bitcoin is increasing and the volume also increasing, so that's what I am concerning about what will be the outcome. Bitcoin seems to be going up but at which level. 5000+ is a kind of psychological level do you think that it will reach 10k quickly or dumping period will start.

I thought 3000 was such level, it broke it after a few attempts. But 4000 didn't take much long.  However,  I don't understand what happened today. It went up to 4400, then dropped back to 3850 and now it is around 4160. The reversal happened today and the reverse has also happened in my opinion. Maybe we will sleep and get up with price hitting 4700 (reverse may also happen) at morning.

[taxmanmt5]

It's not going to happen for quite some time. The fact is you've got new people coming into the exchanges every day and those new people are good part of what drives the price up. New people have that excitement and that need to have whereas seasoned Traders are buying into it because of the increasing price.

[SirLancelot]

It's not going to happen for quite some time. The fact is you've got new people coming into the exchanges every day and those new people are good part of what drives the price up. New people have that excitement and that need to have whereas seasoned Traders are buying into it because of the increasing price.

Indeed. The reversal is not possible till the end of this year. On daily basis, new traders are investing into bitcoins just to have an epic ride to moon. I believe that bitcoins are going to produce countless millionaires by the end of this year. All love and prayers for bitcoins!

[mrayazgul]

It's not going to happen for quite some time. The fact is you've got new people coming into the exchanges every day and those new people are good part of what drives the price up. New people have that excitement and that need to have whereas seasoned Traders are buying into it because of the increasing price.

Indeed. The reversal is not possible till the end of this year. On daily basis, new traders are investing into bitcoins just to have an epic ride to moon. I believe that bitcoins are going to produce countless millionaires by the end of this year. All love and prayers for bitcoins!

But everyday that the price goes up another hundred dollars drama that's another $100 worth incentive for people to buy more and as long as they pay more it'll be worth more. It's a Snowball Effect

[Antivoid]

What do you think. At what point will the market turn around and the prices start dropping?
It seems incredibly strong at the moment, going up, up & up, but it could turn around very quickly.

bust follows boom, the market must have a reversal, but it may not come soon, there are so many new people and capital come into this market, if they dont get enough profit, they will not leave