Firstly, I will like to congratulate all of us that started last year and today according to my country calendar we are in new year in health and prosperity. I wish all of us traders well.
From all indications the cryptocurrencies market and bitcoin in particular has not seen to be in the bottom yet and the bears are more ready to pull down the price further. We don't even know accurately were the bottom is and according to some speculators bitcoin might go below $3000 before we can see good recovery.
My question is this: were did you think Bitcoin's price will be at this time next year and What are your thoughts and technical reasons why bitcoin will not go beyond $3000? Your views will be appreciated. Thank.
Nobody can really say what will happen in 2019. In trading, everything depends on demand and supply. If the market will boom, it depends on the regular traders and the long investors. You know what I mean by this when there is scarcity the demand will be high and the price will go up. If the market continues like as it is in this January investor will confidently come back to invest. Some investors are no more investing base of what happened last year. Believe that this year will be far better than last by the grace of God.