Yesterday we say the bitcoin price go down to $7656 and then a very aggressive bounce to $8888 (I think that is a lucky number). What a ride, but are the Bulls or the Bears in control? Are the bulls back in change now?
I had to watch 3 videos to make up my mind. I believe that as long as we are making higher highs from $7656 we are going up. We made a higher high from $7656 on $8180 on Bitstamp prices. We are currently on $8929 and must go higher than $9080.
Here is Tone Vays who predicted a drop to $7500 before yesterday. He gives us a more long term view. He wants Bitcoin to go above $9200 before seeing $7656 as the bottom:
Haejin Lee gives us a more longer term view and he thinks we are going down one more time, but not much lower than $7600 then big up trent:
Here is the short term view for daytraders from The Chart Guys:
What do you think of the current bitcoin prices? Was $7656 the bottom?
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Colin Brazendale
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.