Quote from: JuniAiko on February 03, 2018, 03:17:43 PM

I personally think USD5k is very likely. Reasoning: during a crash of a bubble, the baseline to the start of the original parabolic growth is very likely; as those who enters after that point in time are paying, increasingly, exponentially more to enter into the market as the price went up way too fast.

4.5USD? maybe.. some even predicts that it might go down to 2kUSD eventually this round (but I am kinda sceptical).

It has risen slightly as some whales decides to buy in, however, the drop might not be just over yet (I don't see a sudden change as a real recovery), until all the negative news have finished rolling out. I think it will likely go down to USD7k, and stabilize a while; and might go down even further till mid Feb(?)

Basically, it could very well continue to drop in phases, as the regulatory news starts rolling out + countries staying that they are considering banning it completely, etc. More are certainly to come.

In the longer term, hopefully, there will be an accumulation of an increasingly experienced HODLers to provide a more stable higher baseline?

I'm not an experienced trader, but these are just my own personal pondering and thoughts.

It is going above 9000 now and not dropping to 5000