Post
Topic
Board Speculation
Re: Where is Bitcoin heading towards?
by
davis196
on 07/11/2018, 06:41:10 UTC
After considering many threads based on the same question by people who've invested in Bitcoins, whether they purchased it at its ATH or below it but above the current price (thinking of whether the price will recover), or if they bought it at current values (where they want to know that is it safe to be in BTC or should they need to tether it out currently). Based on the calculative analysis and the fact that it has reached the end of falling wedge and a very big triangle that had formed, is going to end very soon, we can expect Bitcoins to finally break it upwards and the move will be very big, just like last year (though, I don't think it will break its ATH). It's been in history and you can check it yourself that Bitcoin always got higher during Christmas and it's already near, and considering the fact that it's already been consolidating after the futures expired (and a big chance for SEC to approve a few ETFs), Bitcoin will definitely have a chance to break high values (at least double to $12k) and blast off the shorts, so we can say that we may have a sigh of relief once the bull run enter the markets.

I don't believe in your 12K USD prediction,but let's hope that it will happen at the end of the year.However,I will not sell any of my bitcoins,even if the price goes to 15K.I will just HODL and wait for the big ATH,which will be the  biggest in bitcoin's history.The expiration of the bitcoin futures is good news in the short term,but it would be great if the btc futures trading stops.