CryptoCurrency Price Pump! - Is Crypto Going to Keep Going Up? - CryptoCurrency News 2018
Also Read : Quick BTC August 23 Technical Analysis - Hold Everytime
Also Read : Quick BTC August 23 Technical Analysis - Hold Everytime
What about your copd in show where we have a crypto currency news in a New York minute or less? My name is Nayabali and say we're talking about the cryptocurrency market as a whole. Now we all know that crypto has been touching. Lowe's is actually 12 month lowe's almost in the crypto space for total market cap. We touched almost $190 million dollars, which has been pretty much unheard of since last September, so we've touched a 11 month lows and just the last 48 hours, but in the last 16 to 18 hours the market has bounced up $25 million dollars us to about a 200, 13, $214 billion dollar market cap and a lot of people are asking what is causing this huge rebound? There's no positive news in the space right now and no cryptocurrency is making major announcements that would cause some of these 40, 30, 20, and 10 percent gains.
We're seeing in the all coinspace bitcoin is up eight percent on the day. A theory is up 16 percent. Nano is up 40 percent. What is causing this growth? But we think it's just a temporary bounce back and we're obviously going to retrace a bit, especially after a day as green as today. I don't see us having multiple green, 20 percent, 15 percent, 30, 40 percent days because then the market would be $450,000,000,000 before we know it, probably within the next five or six days. If we kept growing at 25 to $30, billion dollars a day, I think this is a temporary bounce back.
I don't know if we're going to fall completely back down to the one 90 range, but right now there is no evidence showing that we deserve this huge growth. There's no huge announcements, huge bullish news. This one could be whale manipulation, obviously them pumping and then they're going to drop them down again and then pump them again and it could all go on like this until the bitcoin etf decision is made.
September 30th. I do expect slow market growth until that decision is made. My personal prediction and bitcoin will be around nine to $10,000 before the ETF decision is even made on September 30th. So up just September 30th, we can expect market growth, but my prediction is that aucoin's won't continue to run as hard as bitcoin does and bitcoin will creep towards that 60 percent dominant figure in the last 16 hours of bitcoin has lost three percent dominant. So the olds. So we'll just kind of have to keep our eyes on what happens with the market. And let me know your guys' thoughts in the comment section down below. Do you think it's willed manipulation? Do you think it's a quick bounce back and we're going to see a retracement very soon and you think will continue to run leading up to the ETF decision or will bitcoin run more? And don't forget to Upvote this Post if you enjoyed it and Follow to the Blog if you're new. But until next time guys, happy trading and goodbye.
