So BTC is bouncing around $89,900 to $90,000 after a crazy day. It dipped below $88K but shot back up.
About $600-625 million in positions got liquidated, both longs and shorts, which is kinda rare. All this drama is due to macro factors like Trump's comments on tariffs. Risk appetite is back, but volatility is still low, like those Bollinger Bands are tight.
BTC Price Fluctuations: Stability or Chaos?
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Everyone gets so hyped about Bitcoin. Like, does anyone really think it’s gonna hit 500K by the next halving? Just seems unrealistic to me.
I mean, 300K sounds more like it. But honestly, I’m hopeful that despite the geopolitical mess, Bitcoin hasn’t dipped below 80K lately... which is kinda reassuring.
falcon_alphaMember
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#3Oct 30, 2017, 08:15 AM
Recent info shows Bitcoin’s kinda stuck in a risky consolidation phase. If it drops below $85K, things could get dicey.
Not the best time to set stop-loss orders below that mark, especially with the FOMC news coming up. Could trigger your safety orders before any real movement happens.
This feels like a structural retest, either pushing prices up or dragging them down.
No one can say for sure where this is heading. But history shows that hodlers usually come out on top if they don’t panic. Just keep stacking.
JPM said it best about stock markets: they’ll fluctuate. And honestly, Bitcoin seems to have a long-term upward bias.
ledger_2013Senior Member
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#5Nov 1, 2017, 06:46 PM
Lol, it’s wild seeing liquidations on both sides. Just goes to show how volatility affects everyone.
Even Gold and Silver are following the same pattern with big spikes and drops. I mean, yeah, we might see a price surge in Bitcoin eventually, but I doubt it’ll be anything insane in the next few months.
AtomicForkFull Member
Posts: 352 · Reputation: 479
#6Nov 3, 2017, 09:24 AM
I’m skeptical that Trump’s statements are the only factor in these sell-offs as we get closer to that $90K or $100K mark.
And honestly, maybe Cathie Wood should chill a bit. She had her moment in the spotlight, but Morningstar has labeled her the worst wealth destroyer. Just saying.