Quote from: omonuyak on April 22, 2019, 06:59:11 PM

Quote from: richjohn on April 21, 2019, 03:24:46 PM

If you're looking at the proce as the only indicator, then see, we are at $5200 with hardly 2% of the world population. Think what will happen when the adoption goes up to 10%. Think about the amount of demand we will have. That increase to $19k was inorganic and everyone knew it wont stand. Look long term, leaving the spikes of 2017, we are pretty much going up. Btc definitely have future even if you're considering only price point of view.

That is the point that many of the cryptocurrencies enthusiasts are finding very difficult to comprehend. Just 2% without governments approvals or adoptions and we are at were we are today then think about five to ten years when we are going to have many people adopting and use it!

Currently, the BTC price is on the curve support line which is pulled from the bottom at 15. December. It has touched it three times and now it is the fourth time to make a higher low point on the curve support line.

There is even - a bit sloppy but still readable - bullish chart pattern called Inverted Head and Shoulders . Right shoulder is exactly on the curve support line and there are also some EMA lines which should act as support levels and together with other criteria they make this area even stronger.

Altcoins have made some decent "recovery" within several hours and those indications will lead us into the short-term upwards movement which should guide us above the $4,000!