.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle. I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again? It just seems like a really long sideways movement.
On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers. What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)? Another month? March?
I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).
Thanks.
It is probably best for you to stop investing in bitcoin, if you cannot deal with the current movements in the price then what it is going to happen if the price crashes for some reason, besides if you have been here since September then you got a lot of profits since bitcoin was not that expensive at that time.
maybe he needs to break for a while from cryptocurrencies to enjoy his life and he needs to refresh his mind so in the next time if he wants to comeback into cryptocurrencies again, he will have fresh minds. maybe in September, he already makes a nice profit but suddenly he got buy at the high price and makes him cannot sell his coin to make another profit. but I think he really needs to calm down his mind by doing something that not related to cryptocurrency world.