Bitcoin price analysis

[Stowe]

Bitcoin price broke to the upside. Detailed price analysis can be found here
https://www.cryptocoinsnews.com/bitcoin ... conundrum/

[dianadsouza]

Recently, Bitcoin dropped below the bottom of a symmetrical triangle then balanced back to the mark of $5,750. As of July 20, 2018, BTC price was consolidating at a key resistance level at $7.555 against the USD. However, to avoid the downside situations yet again, it must hold on the ascending level.

Moreover bitcoin has observed several speculations concerning it bottomed or will continue to move higher. At present, it seems to be struggling to make a way for $7,555 and $7,575 resistance levels.

https://coinpedia.org/news/bitcoin-pric ... is-bottom/

[SamNeels]

It's pretty unstable as always.

[Gianni]

It's hard to make sense of the Bitcoin price as it is, especially in 2018. The price has defied the logic of many technical analysts.

However, I think this should be expected for a new asset class. There will always be speculations that tend to have a large impact on the price of the asset. But in the coming years, there should be price stability - not because price speculations will stop but because of value investors who actually believe in the value of the Bitcoin project.