On a Saturday move, Bitcoin surged out of the week’s bumbling steps (“one step forward and two steps back”) and hit a high of over $8700 ($8733) in the afternoon, before cooling off some. Some other coins also hit new highs in the session.
It can be anticipated that there may be another surge tonight or tomorrow before the profit takers move in and drop the price to some extent – how much is difficult to guess. In any case, it was and is good weather for market traders to get into action and make some money – or lose some! One saving grace is that the anticipated $8200 ceiling from early last week got blown away,
What would you do here? Buy and hope for another surge, or wait for the price to fall and buy at a lower level, anticipating another rise? Or do what probably most people are doing, sitting on our hands and watching where it’s going to go. 😀
Sunday 26. November, 2017 (about 15:00 GMT)
It’s Sunday noonish now and BTC hit $9050.58 about four and a half hours ago (about 07:00 GMT) – it backed down a little but is now moving upwards again close to the $9000-mark.
Question #1: Where will the profit-takers step in?
Question #2: Will BTC top $10’000 (and stay there) before the end of the year?