06. January 2018 03:30 GMT+


Now This Is Something New!?

06. January 2018 03:30 GMT – Since the jump caused by the purchasing surge at about 08:30 GMT yesterday morning, the BTC market has risen more or less steadily from $15’800 where it started to about $16’800 at the present time. If you go back to before the sell-off that ended at the end of last year, that is roughly the rate the BTC-USD exchange was rising at, about $1’000 per day.

The $16’000 Question is, will it continue on or not? My prediction from before the EOY sell-off occurred was that the rate would drop – maybe as far down as to $10’500, and after the EOY would start to rise again at roughly the same rate as it had been before the sell-off started. It will be interesting to see what really happens now, but I personally don’t think there will be any large surprises – some bumps, undoubtedly, but no big swings either up (faster) or down (again).

First-Half Day

06. January 2018 13:22 GMT – Since the previous report, the rate has more-or-less steadied out at about $16’500. However, the typical thing to happen is that any changes will start just after I write this (Murphy’s Law in action!), so stay tuned!

Same Song, Second Verse

07. January 2018 01:05 GMT – Today seemed to be a repeat of yesterday to a certain extent. After moving along essentially unchanged all morning, and starting at a low point (about $16’300) at about 13:45 GMT, the BTC price moved up to about $17k over about 12 hours. The main difference from yesterday was that the trading today was very weak, with the exception of two relatively strong parcels – one sell, one buy – at about 21:00 GMT. These seemed to hved no major effect on the market’s movement. Will it continue? Only time will tell, but the futures are strong compared to the past few days – in theory that should be a positive sign.

07. January 2018 02:45 GMT – After peaking out at a little over $17k at about 17:00 GMT the trend stared the opposite direction and kept going up to this writing, when it is at about $16k. There are a few spikes here and there, but the market movement seems to be general, rather than initiated by any specific transactions. I guess we will see more in the morning!

My Advice

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