My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.
Anyone see the same?
not at bottom I think, bitcoin has passed through the past. the movement of bitcoin values I think is normal. if seen bitcoin development has skyrocketed to the moon although the value is not as expected. the process through which bitcoin is very long, and still will continue. based on your opinion about the success of bitcoin fore I think is true. maybe the value will reach 20k $ in years or even more.
Are you saying you think the price will continue to fall below the current levels? I don't think so. I think the overall falling pattern is over and has clearly been broken. I think we are now "over sold" meaning it is very likely the price rises in the near term. How high? I'm new to this and I feel like maybe I understand the falling prices, now I have to learn the rising price predictions. My estimates vary.
Today, I think we should be at 12,500, at least. Maybe if we break above that line we see a sharper rise. I can see reason to call for 13,000, 15,000, 18,000, and all the way up to 24,000 in the most extreme version of the next few weeks. 13,000 clearly seems the most reasonable. But I'm doing this a little differently than most, and most are expecting we rise to 18,000 to 20,000.