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.
It seems like I agree with some speculators who say the price of bitcoin will fall below $3000 to recover, at least the range of $1000 is the value that will be touched before bitcoin actually recovers. Bitcoin prices are currently at least stable and only move in the range of $3000 which is the same nature when it was at $6000 before. If the increase will take place immediately without falling lower than the present value, then I will only be surprised and may feel grateful but must be admitted if the price drops lower then it will make the situation worse. So my view is that there will be no improvement at the beginning of this year, maybe we should wait even longer to see positive movements in the crypto market.