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❓ASK Bitcoin Making A Bull Run?

clshaw

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As of this moment, the price of Bitcoin surged to more than 7,900 USD. It was expected when the price was still at 7,100 USD. Is the buy volume enough to sustain this bull run or will it hit another resistance and shift to downward move again?
 
I think from now on , there is a greater chance for the Bitcoin to go high as $10000 again or even maybe more than that. Let's hope it will reach $20000 this year.
 
Unless you are holding enough to make good profit or need the price increase to replace a previous loss then why does anyone want such high increase? It will cost more to buy the same quantity. That is not good investment.
 
Yeah no one wabrs to buy Bitcoin when the price is very high. Only some of them might buy at high price and most of them would be selling their Bitcoin at high price which they had bought before at low price to make a profit.
 
It is because of instant fluctuations in bitcoin price that it cannot be a general currency eg you pay for groceries with bitcoin at $8000 then 10 minutes later the price is $7900. The shopkeeper has lost his profit. Of course it could go the other way.
 
The price of Bitcoin is behaviour is something that is always amazing and it is worth noting because it pause at a place around $6,000 and then it isn't back again yesterday 2 round about $9,000
 
And now mostly it can go till $10000+ in the coming days. I am just waiting for Bitcoin halving on May 13 , it's interesting to know where the price of Bitcoin will move after halving
 
It seems it will soon hit $10k with it's galloping to $9k,the last I checked it was 8kplus and counting. I'm seeing it increasing more in the coming days.
 
you can't really know those days if bitoicn is gonna go up or gonna go down but today and yesterday I see that bticoin is going full up I guess it's time to invest
 
Currently the price is rotating around the $9,000 point and I think it will should a few thousand Dollars after the halving and then it is totally unpredictable
 
Could it be that the transactions fee is what is discouraging lots of people from trading bitcoin at the moment, personally I can't withdraw or send bitcoin now because of the fee. Doge and litecoin are alternative.
 
As of this moment, the price of Bitcoin surged to more than 7,900 USD. It was expected when the price was still at 7,100 USD. Is the buy volume enough to sustain this bull run or will it hit another resistance and shift to downward move again?
I know it does sound really funny but rather than making a bull run I would say that bitcoin is making a steady crawl towards the horizon and we just hope that it keeps going up
 
The pandemic made the bull to crawl instead of running, if not for the Corona virus that occured in China wjere there are lots of bitcoin and crypto currency enthusiasts, the value of bitcoin might be close to $20k now with the way it peak up but hopefully it will go beyond $10k soon since China has opened her economy.
 

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