Post
Topic
Board Speculation
Re: Where is Bitcoin heading towards?
by
audaciousbeing
on 14/11/2018, 14:23:59 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.

The thoughts of where do we go from here is something that I am sure will be in the mouth of every genuine enthusiast and everybody who have a stake in the market and it does not matter whether you are core believer, SegWit supporter or BCH promoter. Its really happening without any end in sight because as its going, we might have to see a lot of people bolting the market and that would lead to a further downward trend in price.

I feel the argument of increase happening in December was only held true because some machinery of the state were not doing anything at the time and that is why it seems that government cannot stop the continued influence of crypto but now we are seeing it differently. Ultimately, we might not see the ATH at least in the short term but hopefully that the season period would breathe some fresh air to the market.