Somehow I known that every years first month bitcoin falling down, and then finished the January months bitcoin go with his own speed. So, first month (January) end, now 2nd month of the year 2018. Now can be rise as like 2017? or few months ago.
How says expert research!?
We're not off to a good start so far with all the reds.
However on the bright side, price is likely going to be reaching the bottom soon and there won't be at least as big crashes as before. In fact the chances are that bitcoin is probably going to start recovering soon, after this massive dump off.
And it's definitely possible for this to happen in February, if not february then probably March.
Though even if it does pump, it definitely won't break the all time high this month.
And even the bottom will not last as there would be a lot of pending buy orders waiting at that spot, so normally, it would be nice to just have a buy order at this point that we are and load up when getting so close to that point. Around $5500 is a good point to get in and I am looking forward to that position for the long term. Also, anything can happen with bitcoin and we have all seen it before, so the only thing that can always tell us would be the charts, so we just wait and see when it starts.