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
Based on your chart how bellow bitcoin will fall after the correction ? I don't think bitcoin is overpriced of we are in a bubble. In my opinion bitcoin would be at 5500$ now if the chinese incident would not have happened.
but well, none of us can predict, everything can happen, so many factors that affect the price of bitcoin, making it hard to make a decision to whether the price will fall or rising.
$7000 is the next place to be before the next big correction. People aren't seeing the power of exponential growth in a disruptive technology like bitcoin, they think it's going to be a smooth ride, when it's going to be ups and downs, and we are not yet ready for a real down. Next correction is $7000 to $5000-something.
All reputable bitcoin analysts agree that we are safe from big dumps at this point, as long as we stay above $3800, the resistance points are quite hard, and we only need a short period of exposure to ATH to see an huge green candle to $6000+++