Post
Topic
Board Speculation
Re: Bitcoin rise is over
by
Zicadis
on 04/10/2017, 19:24:22 UTC
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
One thing I can not throw out is history tends to repeat itself but we can not compare what happened back then in 2013 to todays market conditions as bitcoin arguably has much more support than it was back then and price shows demand for the digital asset is still there and growing, wouldn't say that the rise is over just yet and we not in a bubble either.