Post
Topic
Board Speculation
Re: Global Crypto Bear Market
by
Rahar02
on 16/07/2017, 15:01:28 UTC
Want to care a guess at a support bottom for this year? My educated guess is ~$1800 trading bottom, with a possible quick spike down to the ~$1500 range or so.
I don't dare predict bottoms before they happen.

I have made a realization, however. The bear market is likely to continue until at least February 2018 because that's when the 2 MB hard fork is supposed to happen. Currently, the debate is a little subdued because everyone is fine with getting Segwit. It's the path afterward where the civil war will break out for earnest. Until that is resolved, I cannot imagine mid/long term bullish conditions.

It will frighten people, and become a good news for traders as they could keep buy and sell to extract more profits.
I thought bitcoin price will be stable after reach $1800 and won't decrease any further, but I may be wrong.
I expected for bitcoin price recover after August 1st but uncertain news may influence people to sell, it is a loss to sell bitcoin at the moments. Just make sure you sell if there's no any other option to get cash.