Beating Buffett Series
Finally it retreats, but the resistance level is still considered quite high, showing considerable demand base strength. The price of bitcoin had not been expected to pierce through $800 in the short term as profit taking is already getting very rampant when it reached $770. If history is anything we could fall back on, then a low $700s is still possible, but patience is all we need.
The surprising package of the day would have to be Litecoin, which dipped more than 12% before recapturing a bit of lost ground, something an speculative opportunist could pounced on.
And yes, STEEM, despite trading against the powerful bitcoin it could still register an incredible uptrend. In fiat terms whoever had been holding on to it has made around 50% in the past weeks alone. Not too bad eh?
