what do you think about below chart?
I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon
I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon
It's very possible that you are correct. I've been saying that I think we may be in a trading range from maybe $3500 to $4500 and the price could just fluctuate in that range for a while.
It's also possible that there is a more significant correction coming that will bring the price down below $3000. It's hard to say what will happen but I agree that it's likely that we won't see new highs for a while. Bitcoin had a huge increase in a short period of time and was in a bubble. We just don't know how big of a bubble it was.