Bitcoin is looking bullish again guys!

CryptoGuru Level X³

1

November 30, 2016, 9:46 am

6

Bitcoin is looking bullish again guys!

Its so exciting to see my plans unfolding when it comes to Bitcoin anyway. Ethereum really let me down, but lets talk about Bitcoin and its movement in the last few hours. Previously i mentioned Bitcoin finding support possibly around 715-725. If that is true then for the last few days Bitcoin has been fighting towards 750 again staying in prices around 725-735. If Bitcoin breaks 740 we could see a rally past 750 and then a possible support of 750 which means it should not fall below 750 again.


Lets take a look at the chart:


As you can see at the far right of the chart We are seeing an uptrend happening slightly but its for sure the signs of things to come. If Bitcoin breaks out into a rally this coming week or next we could see 800 shortly in December like i have said in my last post. What could cause this rally? Well with the decline of Ethereum investors are looking for a safe haven to put money into until things get better for the different alt currencies. If people decide to invest into Bitcoin instead of alt currencies than that could cause a price increase like the one mentioned above. We are seeing that the currency s becoming more stable month by month and people are starting to pay attention. Bitcoin has been trading over $500 USD for a consecutive 6 months breaking records and finishing the year strong. If you haven't purchased any BTC yet your time is running out to make a short term profit.

Remember when reading my topics about trading i only give you advice based on research and market analysis. Please only use this as a guide and do not hold me responsible for any losses. Keep trading and if you have any questions leave them below.

As always thank you for reading please don't forget to follow me and like the topic.

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Cristian

Cristian

Do you think it will break the 900 US dollars mark by the end of the year? So far everything is going as you predicted!

0 8 years ago

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CryptoGuru

CryptoGuru

I have no idea what exactly it will do but ill make a prediction. Bitcoin is currently rising up and it does not show any sign of slowing down just yet. Few things that i think of when i see the price like this is when will it drop how far will it drop and how far will it increase possibly when the down trend ends. We just had a rally from 698 to 750 then shortly down to 730 and the current price is 775. If the price increases to 800 we will see a fall hopefully not below 750 again and then it should shoot passed 850 by the end of December so its very possible to see close to 900 by January.

If that happens that means that Bitcoin almost tripled in one year. Last January the price was 380 if it hits 900 then that is significant. We could see hyper inflation this year with so many things looking good for Bitcoin happening. Between Kim Dot Com, India, and other factors we have a very good chance at hyper inflation. I am currently invested into BTC and LTC and the reasons are because they are the most stable of all crypto currencies. Litecoin in 2013 shot up to $50 per 1 coin and if it does that again in 2017 it could go passed the $100 dollar mark which means ill have a cool quarter Million dollars.

0 8 years ago

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Lynne

Lynne

Geez the value of Bitcoin has increased hugely since I first starting taking notice of your regular Bitcoin updates. I still sit and kick myself for not investing when it was $600 odd per coin! Oh well, I am not an online trader and I should not get stuck in should haves.... I will just watch from the sidelines.

0 8 years ago

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CryptoGuru

CryptoGuru

Your kicking yourself? If i would have invested 6000 dollars in 2012 today i would have 1.2 Million dollars! Granted i had no clue what BTC was back in that time so i missed out. When i learned about it the price was $225 and i didn't pick it up then. I could have very easily bought 30-40 coins and rite now i would have over 20 grand. This is why im mainly invested into alt coins that are cheaper i can buy more and if the price gets to anywhere near where Bitcoin is im in the money. Litecoin and Dash coin are the better investments rite now they have the potential to get to over $100 dollars in 2017 and if that happens i will be on track to retiring when im 35.

DGC is another coin im looking into and if you don't want to risk alot of money i recommend you get into it and use cold storage. the cost is less than .01 USD per coin and the potential for it increasing over $1 this year is HUGE. Im thinking of buying 100,000 coins if this currency does anything like what ETH did than that will be another great investment made. Check it out!

0 8 years ago

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Joteque

Joteque

Well fastforward to date and Bitcoin has held out and perhaps niched in the cryptocurrency arena. It's worth up to 5000$ bucks to date or just a little above or below. This one as they say keeps getting 'curioser and curioser' by the dollar note even if you will!

0 7 years ago

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Corzhens

Corzhens

I have been reading discussions about the value of Bitcoins and other cryptocurrencies. It’s either the value is positively going up or the other way around. But the question in my mind remains – who is dictating the value of the Bitcoin? Or maybe what factors are affecting the rise and fall of the Bitcoin’s value? I have been asking that question since late last year but until now I still have to get a clear answer.

0 7 years ago

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