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.
In my own observation on the price of bitcoin, it will not progress or go up in a year or two. So basing on our understanding, there are still some forks to expect and the price would definitely drop even below $3k.
Things are being left uncertain about what will happen this year.The price might increase in just a sudden or may go lower than $3k.For me,i'm still hopeful that 2019 will give us more luck and fortune.I want to be positive at all times even if the market has took a path on the negative side.