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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

A Bitcoin Resurrection?

BY: @austin101 | CREATED: July 24, 2018, 9:18 p.m. | VOTES: 2 | PAYOUT: $0.00 | [ VOTE ]

[IMAGE: https://cdn.steemitimages.com/DQmY43C7wUb5qKnizzdQqQsbeZifpgn5b5RyVxD28KH3AYz/image.png]
If you only checked the markets 2 weeks ago you'd still think we were in a bear market. However over the last few days Bitcoin has exploded to the upside potentially signalling a trend reversal.
[IMAGE: https://cdn.steemitimages.com/DQmS4RPxnz9d5TYzmaG4SNb3i9Nk55hspuR45awbmMEPLuw/image.png]
Honestly I was quite surprised when it made this rally. Previously I though Bitcoin getting out of the $6500 dollar range to $7400 was a victory in itself. Now that Bitcoin has breached the physiological barrier $8000 I'm starting to take this run a bit more seriously and think less of it as a dead cat bounce. On the other hand, while impressive this rally doesn't mean a whole lot unless it can hold the $8000 Dollar level. At the time of this posting Bitcoin is at $8216, giving it $216 of wiggle room before it retests resistance. Interestingly enough when Bitcoin hit $7400 it didn't give back much and continued higher after a small consolidation period. Will that trend continue? We'll know in about a week or so.

TAGS: [ #bitcoin ] [ #crypto ] [ #cryptocurrency ] [ #price ] [ #market ]

Replies

@kimutai | July 24, 2018, 9:20 p.m. | Votes: 0 | [ VOTE ]

Great analysis here !

@austin101 | July 24, 2018, 10:46 p.m. | Votes: 0 | [ VOTE ]

thanks

@steemek | July 24, 2018, 9:38 p.m. | Votes: 2 | [ VOTE ]

That's nothing.Waiting for big pump.

@austin101 | July 24, 2018, 10:44 p.m. | Votes: 0 | [ VOTE ]

[IMAGE: https://cdn.steemitimages.com/DQmPwjX74YbHxUGbUvyvQrznvV4WWXWsZFxsAQ5QuW8PBxA/image.png]
you don't even need much of a pump to make decent money if you bought throughout the bear market like I did. If Bitcoin moves back to $15000 by the end of the year that's enough for me to quit my job and trade fulltime.

@steemek | July 25, 2018, 9:59 p.m. | Votes: 2 | [ VOTE ]

Well..you are right.If you have some big money to put in,and wait 15K.If you put 1000 usd and get 2000?That's nothing.

@austin101 | July 26, 2018, 2:17 a.m. | Votes: 0 | [ VOTE ]

I've invested enough money into this to make a down-payment on a house. (Which come to think of it, might've been to much). Believe me when I cash out I'll have bit more than $2000. How skin do you have in the game?

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