As we see the bitcoin value is gradually decreasing again on this moment which is from 8k the price fluctuate back to $7900 , now we need strong explaination about this which is if it's a normal correction of price or it will decrease gradually again back to the bottom. ?
Resistance, at $8k+ as expected has been pretty strong, as I've expected.
The price decrease yesterday was a minor adjustment, probably due to profit takers as bitcoin has obviously risen for a few consecutive days. Although the price had gone up again today to $8150 at the moment, I don't think that we're really in a newly refreshed bull market.
It'll be hard for BTC to advance past $9k in this rally, let alone hit the 5 digit mark like some people have predicted. IMHO, that is just not happening. The bullish momentum isn't strong enough right now for that to happen, in the midst of a market with strong bearish sentiments. I think the price will hit $9k+, then gradually make its way down again, probably at the end of the month.
