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Author Topic: [2018-04-15]Bitcoin Price Surges 5% to $8,450 as Crypto Market Eyes $350M  (Read 41 times)
Karartma1
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April 15, 2018, 03:37:48 PM
 #1

The bitcoin price has surged to $8,450 after recording a 5 percent increase within the past 24 hours. The cryptocurrency market is eyeing a move towards the $350 billion region and it has already crossed $334 billion.

Is the Bull Market Back?
Read more https://www.ccn.com/bitcoin-price-surges-5-to-8450-as-cryptocurrency-market-eyes-350-billion/

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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dE_logics
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April 15, 2018, 04:37:26 PM
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Maybe people finally got their tax refunds lol. But seriously, I don't think this is enough to confirm it is back, but definitely a good sign.

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kevoh
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April 15, 2018, 08:53:07 PM
 #3

The bitcoin price has surged to $8,450 after recording a 5 percent increase within the past 24 hours. The cryptocurrency market is eyeing a move towards the $350 billion region and it has already crossed $334 billion.

Is the Bull Market Back?
Read more https://www.ccn.com/bitcoin-price-surges-5-to-8450-as-cryptocurrency-market-eyes-350-billion/
If the price can stay solid or even go higher than it is currently by this time next month, I believe it will then be safe for us to say the Bull market back.
Karartma1
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April 16, 2018, 05:46:35 PM
 #4

It did not last the price went back again. The logarithmic downtrend is in place, still an we need much more fuel than this to sustain more legs up to cross 10K

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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April 16, 2018, 10:08:33 PM
 #5

It did not last the price went back again. The logarithmic downtrend is in place, still an we need much more fuel than this to sustain more legs up to cross 10K
The price currently hovers around the $8000 mark, which seems to be a perfect market development after everything we have gone through. The jump to nearly $8500 stood no change by default.

It comes too quick after the jump from under $7000 to over $8000. Profit taking will happen as soon as the market climbs up from current levels, and it will likely remain that pattern for a while.

The first resistance point we have to face on our journey back to the $10,000 mark hovers just over/under $9000, where after that we yet again have to prepare yourself for another resistance point. Patience is all we need.

We need a strong bullish rush to jump over $10,000 again, which isn't something I see any indication of right now.

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April 17, 2018, 04:19:50 PM
 #6

With this growth, bitcoin canceled the downtrend, but this is only a technical chart for now. At the moment, the Cryptocurrencies don't have enough positive news to continue its uptrend. The upwards trend impulse has decreased, and the price holding around 8000, if it doesn't drop to 7000, the growth can continue.
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