Quote from: Fundalini on August 09, 2018, 11:54:03 AM

Quote from: Msworld83 on August 09, 2018, 11:40:59 AM

The dip is still normal and the and we should be expecting 5800 area as next stop but the 20k will be along time thing which might take years to get to , we are in correction time and the weeks chart and month chart still have a bearish sign that will drive us long time to get new ATH.

The hype about cryptocurrencies seemed to have died down; with that, the rate of cryptocurrency wallets have also slowed down. From this, we can conclude that it would take time for the people to once again be interested in this space. We might not reach new ATH this year but at least we can expect a more natural price growth.

This is one of the more rational outlooks. Natural price growth because the fad is sizzling up and we are running out of people rushing in. This is probably better because frantic rushes up like that are not healthy for an asset. Just look at what happened to gold almost a decade ago. And what's happening to the stock markets right now after the Trump-gasm buying spree.

If we see a slow and steady increase it will be the best for bitcoin. Any more skyrocketing and it'll have another monstrous crash, I guarantee it.