Looking at the charts for the whole year, it did look as if the recent bull run could be the start of a sustained recovery. If you fit a line down from the December 2017 peak, then it did look as if the drop had finished, and it could start going up again. But, with the current fall, it looks like just another up/down bump on the graph. It just shows that simply looking at the graph isn't enough to predict price movements.
How can we predict when there's a lot of factors that contributed to the price movement. And the most important thing is that its based on pure speculation, a wild but educated guess.
I'll predict that within the next month the price will go down to break $6000, and then go up to over $7000 again. I make these predictions only to see how my predictions come out. I want to have more accuracy in predicting the market before I commit my money.
Let's see mate. I'm bullish about bitcoin and love hearing a lot of prediction. I'm specially curious if we can really break that $6K and bottom once again and see if the investors or speculators are done with this bearish trend and will try to make it bullish as everyone has been expecting this August. Gonna be interesting and the future still good for all of us.