Quote from: exstasie on August 14, 2017, 10:54:40 PM

Quote from: aso118 on August 14, 2017, 08:44:15 PM

Quote from: kwukduck on August 13, 2017, 11:59:17 AM

After the biggest pump in the history of Bitcoin we are now witnessing the biggest crash crypto has ever seen.
This will be epic and popcorn worthy.

And in just one day, the entire talk about a crash is history.
The crash was just a minor correction and bitcoin continues its upwards trend. All time highs are getting created almost on a daily basis.

It definitely seems like this rally still has some legs to it. Elliott wavers seem to think we are in a Wave 5, which for Bitcoin, is usually a big blowoff top. It doesn't seem like we have seen the blowoff quite yet. In fact, we are now consolidating above the top that the OP referred to, indicating that the previous ceiling is now becoming support.

I think $5000 is possible on this run. Maybe more.

Falling bitcoin prices is not expected, but it can happen as long as we are in a world like this. The demand factor becomes one of the benchmarks to perform the analysis. I am optimistic bitcoin prices can be up to 5000USD, this will greatly enhance the competitiveness of bitcoin in world financial markets. We must keep the stability so that the price does not get a negative correction.