[2017-12-05] Bitcoin Price Threatens to Spike or Drop at any Minute!

[aalfadhala]

Despite widespread predictions of an upcoming price correction, Bitcoin is holding steady at just under $11,500 today. At the time of writing, it was trading at $11350.

There have been signs that the recent upturn in value is starting to lose its momentum over the last 24 to 48 hours. But so far, the bulls and bears are evenly split as it has wobbled but neither dropped nor soared significantly in 24 hours.

Full article: https://coinblip.com/blog/bitcoin-price-levels-near-11500/

[bitcoinisbest]

I think the correction would be on the cards and we could see some fall in the coming days . The reason is that the price rose too early than the anticipation and thus it leaves with 20 more days before the Christmas. So one of the thing could be that bulk sellers can sell now and then buy back at the time near Christmas or may sell at the time near Christmas and enjoy the holidays .

[iamTom123]

Despite widespread predictions of an upcoming price correction, Bitcoin is holding steady at just under $11,500 today. At the time of writing, it was trading at $11350. There have been signs that the recent upturn in value is starting to lose its momentum over the last 24 to 48 hours. But so far, the bulls and bears are evenly split as it has wobbled but neither dropped nor soared significantly in 24 hours.

In my point of view, I would be happy if Bitcoin will remain in this range for many weeks. I am already quite satisfied with the way things are with Bitcoin but of course if there can be more who am I to say no, right? Usually, the holiday season is traditionally a slump season for many traded investment tools but so far Bitcoin has proven to be different but we should be giving Bitcoin some break so that it can be able to gather some steam for the challenges ahead next year. However, there can be some movement leading to the 10th and 18th of this month as those are the schedule for the official release of the Bitcoin futures coming from two established and pillar financial institutions or exchanges. How Bitcoin will react to this is something really interesting to watch and analyze but then the full impact can never be known until the end of the first quarter of 2018.

[sindikat]

Bitcoin has a constant volatility. So it's safe to say that bitcoin as in the future bitcoin will how to rise and fall in price. I understand those who enjoys every increase in the price of bitcoin but you must realize that it is not always good. After each rise in price of bitcoin will be harder to earn it. I think that is more beneficial for bitcoin is its stability.

[Kemarit]

We all for a fact that bitcoin is very unstable and yes at any minute it could on either side of the scale. I also noticed it in the last 24-48 hours, price swings are very big. Perhaps the push-and-pull of the bull and bear are in effect, but the bull win again this time. Correction is imminent, no doubt about that but I don't think that it will go down as others have expect. The sentiments of people remains to be bullish that a price correction would be seen as a perfect time to enter the market at this stage. But no need to worry, a correction will happen but I bet that this is not a major one. And with every correction, bitcoin goes further as its previous high.

[Qartersa]

Despite widespread predictions of an upcoming price correction, Bitcoin is holding steady at just under $11,500 today. At the time of writing, it was trading at $11350.

There have been signs that the recent upturn in value is starting to lose its momentum over the last 24 to 48 hours. But so far, the bulls and bears are evenly split as it has wobbled but neither dropped nor soared significantly in 24 hours.

Full article: https://coinblip.com/blog/bitcoin-price-levels-near-11500/

Yes, I see the same trend for the past three days now. Its price has gone mainstream to more or less than $11,300. I think the movement now is too relaxed as compared to the previous weeks whereby there has been an extreme rise and fall situation brought about by the price expectation that Bitcoin's value would reach $10,000. This has long been predicted, and it has come by so swiftly. Hence, investors alike find a common denominator on how to plan the next move -- some are scared, some are anticipating a bubble or a correction, among others -- but definitely they are here to stay because they believe Bitcoin's value will nonetheless recover and soar even higher. 

[steadyrice]

I think the volatility will slowly start to decrease, now that "big money" is starting to come in, thanks to the futures and all that. Volatility will still (and I think always) be a thing, but how violent the sways have been so far, I think that will go away. Of course, I may be wrong Whenever I told myself something about bitcoin is impossible, it always proved me wrong so far.

[Irvinn]

Bitcoin recently has grown too unexpectedly in price and so many expect its correction in the near future. This, in principle, is logical. However, one should take into account that from the second half of December for a month, five forks of bitcoin are expected and many of its holders will continue to hold it to get as many as five free coins separated from bitcoins. This is a serious reason for bitkoyn and continued to grow in price. I think that it will start to fall seriously in price closer to February, but it is difficult to predict its behavior for the next few months.

[SixOfFive]

This is just a hype created by traditional investors to create a panic situation among BTC traders. We all know that traditional investors are never in favor of crypto-market, so every time they term it as a bubble. So based on their biased opinion we can't conclude Bitcoin's future price. Even BTC is been stable and give a progressive growth after correction, so in my opinion no need to worry and keep invested in BTC.

[Guardian.P]

quite possible. The price of bitcoin is growing very fast. And now any news can create panic, people on emotions will start to sell quickly. Many are waiting for the moment of support, when it will be possible to enter. This creates fears.