Quote from: magneto on February 14, 2018, 10:03:16 AM

Quote from: ayurvedicurea on February 12, 2018, 01:41:31 PM

Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?

For this month, yeah, bitcoin has already bottomed out.

For the medium term as in a year or so's time, I think that the market variance will naturally take bitcoin to lower lows. Could be even less than $4-5k. All of this depends on future scenarios that we currently cannot safely predict.

Short term, we're going to go above $9k-10k. We're probably going to hang around there, before entering a full on crypto winter where price goes down to around the current level, perhaps a bit less, and stabilise. Then when markets are ready again, and near another halving, bitcoin will get revived and sensationalist news articles come out, and it gets hyped up again.

Obviously and I 100% agree with that. We have seen bottom already, the tides are changing, the atmosphere is getting even more positive by the day and it totally look like we are in for the start of a new year of greater opportunities for bitcoin.

I am very hopeful that we should have some smiles on our faces soon, not like there has not been any though, but at least, we hope to have the market back stronger and giving some more good feelings in the air.