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Author Topic: Bitcoin Circles $6500  (Read 45 times)
StairsGold(STG)
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August 20, 2018, 08:58:29 PM
 #1

bitcoin (BTC) price  held steady monday, August 20, posting small gains to circle $6,500 while altcoins drop further.
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August 20, 2018, 09:40:26 PM
 #2

It seems like we are in a trading range.  I have no idea which way this is going ot break but I have a feeling it's going to be a large and swift move when it happens.  The longer we sit here the more violent the move. 
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August 20, 2018, 09:42:25 PM
 #3

The shorts have had trouble pushing price down. This type of price action along with high short interest is a recipe for a possible strong rally.

If we see the Bitcoin price first take out the resistance at $6,600 and then reach above $6,800 with strong volume, we expect an extended quick move toward $7,600.

Bitcoin Price Prediction: Short Squeeze Incoming?

https://youtu.be/LlShoAaLPbI




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August 20, 2018, 09:45:20 PM
 #4

it seems like there is a cabal somewhere just making sure that the prices of the bitcoin just stays and gets maintained at the 6500 dollar mark with a few dollars to it and also from it. it should be also be considered that the stability in the price is also another fact that will drive in  investors from all works of life to help in building the technology
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August 20, 2018, 10:02:59 PM
 #5

Bitcoin is great for daily trading. Price ranges from 5900 to 6400 in last month and there was $200 to $300 price difference each day. It is true that the more we will wait or hold for rally, just like potential energy, the pump will be more aggresive. But if ETF fails, numerous people will again start selling and this will cause another bull run. So I think it is still not the ideal time to accumulate BTC. But BTC will grow and we will see ATH in next year or EOY 2018

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August 20, 2018, 10:07:19 PM
 #6

bitcoin (BTC) price  held steady monday, August 20, posting small gains to circle $6,500 while altcoins drop further.
It is very good that we form an upward short trend, even if not$ 10 000 but it is growing. I wish I could show on the chart what is formed on the chart. Of course this my assumptions and my analysis. There is a lot of positive news around cryptocurrency. And as for the altcoins, they will not be able to grow quickly on the same day. And investors need who will buy altcoins, and they are not

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r_herbert
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August 20, 2018, 10:12:02 PM
 #7

Good news actually. It is awesome to see our currency near $6500. It could have been worse. In trading, it is always hard to predict. Talking about the crypto, we do not know about their future. Altcoin is falling and many other cryptos as well. The bitcoin is just doing fine is this is good. Somebody said that bitcoin is the market leader and I think it is true. It is the most popular and we all hope it will grow further. I believe this currency cannot be stopped. It will grow and grow again. The blockchain technology is the future and the cryptocurrency is a part of it.
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August 20, 2018, 10:14:10 PM
 #8

at this time the price of bitcoin is indeed more stable and good compared to the altcoin which is still down and shaken and I hope everything will get better again and the same rise again.

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August 20, 2018, 10:15:54 PM
 #9

I have been watching the charts for the past 48 hours, seem we are at a stalemate  between the bears and the bulls, it will eventually break free from it
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August 20, 2018, 11:03:44 PM
 #10

bitcoin (BTC) price  held steady monday, August 20, posting small gains to circle $6,500 while altcoins drop further.
Even with these small gains for bitcoin, altcoins aren't having it easy as they have been hit hard.....but imo I say they are also the reason for bitcoins deep dive as we have so many altcoins which hasn't brought in any new money but just a circulation of old money!
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August 21, 2018, 02:09:50 AM
 #11

Small gains now for bitcoin seem to be very important and reported immediately. But we shouldn't be too overhappy with it. When it stabilizes at $6500 it is only taking few days there and if it wont break $7000 again it will start going down. Today it was 6300 again so if rotates then its normal.

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