An extra late good morning Bitcoinland. I had to rush out at the crack of noon for an appointment and just got back.
I see we're still consolidating in the $18.3k-$19.2k range... currently $18742USD/$24116CAD (Bitcoinaverage).
Forkcoins are up so old coins are now worth $21265USD/$27359CAD each (Coinmarketcap).
After last week's rapid gains, a day or 2 of consolidation is welcome. We don't want this lovely smooth extended uptrend to start becoming a bubble.
We don't want the price to double in a few days and then come crashing down. I'd rather see doubling every few months with 20-40% corrective dips scattered in along the way. Slow and steady wins the race.
Go Bitcoin go.
I see we're still consolidating in the $18.3k-$19.2k range... currently $18742USD/$24116CAD (Bitcoinaverage).
Forkcoins are up so old coins are now worth $21265USD/$27359CAD each (Coinmarketcap).
After last week's rapid gains, a day or 2 of consolidation is welcome. We don't want this lovely smooth extended uptrend to start becoming a bubble.
We don't want the price to double in a few days and then come crashing down. I'd rather see doubling every few months with 20-40% corrective dips scattered in along the way. Slow and steady wins the race.
Go Bitcoin go.
Exactly my point of view, I have expected to see it broke $20k today but it's a good news it gone slowly. (But the week only begin...)