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.
My only concern is we should not expect too much because this year will be a rough year. Many traders loose their mind due to their high expectations in the market. We should just set standards that are easy to achieve.
Yes, you are right because the market will start increasing their price when everybody lost their hope in the market. It is really impossible to predict the bull run, but surely the price will start increasing when we see some upward trend in the market.