.. 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.
I am still hoping bitcoin will increase its price again this year for about $20k, but don't expect too much. Expecting too much can hurt you in the end. Just stay focus in the average price of $20k ATH's before expecting more than that. No one knows when it will rise again hopefully by February or March.
20k is expecting in next few months, while at the end of 2018 i can expect that bitcoin price will be trading above 40k may be much more from that price. In fact still people are too much interested in bitcoin and therefore they are holding their bitcoins and trying their best not to sell it. Only those people who get panic because of having low price of bitcoin are selling their bitcoin while the experienced investors will always try to hold and not to sell in panic situation.