Bitcoin does a Little retracement after parabolic moves!
Hi crypto pionneers,
That night bitcoin hit its current high around $ 12,000 and then lost around $ 1,500 in a matter of hours. This type of fall is typical and must occur in order to have a healthy rise. It seemed obvious after having a parable coming out of another.
However, we are still in bullish momentum with the July monthly candle closing at $ 11,500, which is pretty good news :)
Also Ethereum is doing great and performed well next to the king BTC. Indeed, last night we saw an ETH exceed $ 400 for a few hours.
Every charts are from tradingview.com. I hope this may have been useful to you. However, I let you make your own opinion and view. This post is not intended to tell you what or when to buy/sell. Just few information about the cryptocurrencies.
What I'd like to know is exactly what this increase is all about. I know there is no specific answer, there are many things implied, but yes, we are actually living a good time in cryptography.
Thank for your comment @josevas217,
Yes I also think we are living a great time full of opportunities.
it is very curious to see these movements, but much better it would be knowing the specific reason why they occur.Let's focus our hopes that the uptrend will continue and benefit the other altcoins
Difficult to know every reasons, but at least we can see an little increase in trading volumes in recent days, more and more people holding their coins and so on. Also as we have seen with gold recently, people seem to be looking for a safe haven that can rise in value and not lose like dollars do at the moment.
we might continue to see similar fluctuations in the coming weeks, the current price action doesn't seem organic, so the drama is expected
That's right @joelagbo,
Extreme volatility is always around the corner. Let's see what this month has in store for us ;)
Bitcoin is doing perfectly great and I can see ethereum hitting $700 before this month runs out
Indeed, Bitcoin is performing like a boss as well as the ETH. I can't wait to see what happens next.