.. 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.
Welcome to the club. Bitcoin and crypto for that matter is so volatile. You need to bear that in mind. It can't go on a bullish trend, its not sustainable, and sooner or later the price will go to a market correction. This was to be expected, actually I find it surprising that in December we didn't get to $10K.
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.
Again, I'm been asking the same question, why are you guys like somewhat attach to $20K price? Can't you have just a little bit of patience to just wait? We are going to $20K, but it will take a little time to get there. I guess you really bought bitcoin during its peak at $19K, right? Then you can't do anything but have some patience. Short term we may be plunging to $10K or below, but long term, bitcoin can get to $20K-$50K.