Quote from: DaMut on March 31, 2018, 09:14:15 AM

Quote from: FiendCoin on March 31, 2018, 02:47:29 AM

So far, we are repeating 2014 very closely.

A dead cat bounce to 11k starting in April off the 6kish area and ending by the beginning of June would fit this perfectly.

what does that mean by 'a dead cat' ?

Dead Cat Bounce: This is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend.

Quote from: jmlona on March 31, 2018, 09:28:26 AM

If we are following 2014 then it's not a dead-cat bounce because bitcoin survived that and recovered to new highs in the recent times. If we fend off 6k for the rest of the weekend then some sort of a recovery seems likely, then it will be interesting to see later in the year if there's a further dip down or if the price can stay up.

If we go lower after a temporary recovery, it's a dead cat more or less.