How can you tell if something is getting really HOT?
Remember the days when everybody was rushing in to register domains and eventually .com runs out of 5 and even 6 character domain names?
I had just try to search for some names that ends with coin and was surprised (I know I shouldn’t be) to find that most thinkable names are already used.
Hmmm…it seems the history is repeating itself, AGAIN. (yes grammatically incorrect but you get the point).
Anyway, some insight to the Bitcoin price movement:
Looking at the chart the optimistic ones might deduce that it is consolidating at the current price level or building up momentum.
On the other hand it could be seen as trying hard to resist downward pressure by the profit taking miners and players.
With the Lunar New Year approaching I foresee a dip coming before eventually building up again, especially after bitcoin reward is halved in mid July.
The above is very likely to happen even if BIG players enter the market to first defy the logical expectations to profit from it then allow it on its natural movements.
