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!?
It will rise up eventually right now it is at 8500 usd mark which is around 20-25% higher than it was Yesterday. 3rd week of this month we can see the price stabilize and then pump before March approaches. I'm optimistic that it will reach 10k usd soon.
I do not think we should wait for any huge pump of Bitcoin. It will come to the stabilization stage, and after that it will slowly start to go up and up. It will be a very long process as I suppose.
After previous dips we had to wait for the Bitcoin news to get out of the mainstream news channels.
I agree that we will get some rise and then stabilization.
Remember a lot of people got burned and got out or are waiting to get out when the price is at their buying price.
We will see a lot of selling on the way up effectively stabilizing Bitcoin from another mega pump.
It's hard to tell whether we will experience a rise even after bitcoin gets out of mainstream media. Although the hype has already started to die down, we are still experiencing a downward trend and this is probably caused by some early investors who exited immediately. I can, however, agree that the price may stabilize after this because the price will be at the current support level of resilient bitcoin holders who still want to hold. It may continue to maintain at that level for quite some time after.