Bobby Lee has a cool point (let's hope;):
History will repeat itself, I agree. But, not at price levels perfect still anything may happen, that is the reality with any markets. I must retweet this one as many people are looking for some hope about the futures of bitcoins and when bitcoin will be following some predetermined path then it would be much easier for all of us to make big decisions accordingly. Let's hope for better things to happen round bitcoins.
Ive seen someone predict just the same thing that the price will bottom out at $2,500, then after that there will be another bull run.
There could be 1000s of predictors hence there could be more possibilities of saying same things. So, absolutely no wonders on these coincident. I am not expecting that $3000 to be broken on sustaining basis. It means prices may swing around $2900 to $3400 in coming days before pushing bulls into action.
Im starting to believe this because has been stable at $3400 since this month, it might drop on January to $2500 before the bull run.
Do not call it stable. Now the bounds of ranges has become shorter hence it seems like stable. In my view, bottom has been already tested and we are in sustaining phases.