Step by step analysis of bitcoin market, this current year 2019 bitcoin will be recovery its price and reputation. I think bitcoin will be highest soon or later in this running year...
This year is indeed a recovery phase. I remembered how long have we waited for the bull run last year to come. Since it is the longest bear we had experience and this year offers positive recoveries to finally reach what we are waiting for, the bull run is around the corner. 20k is coming, just think positively.
Definitely there's still more chance for a bull run to take place this year, we have not ended the 3rd quarter yet, and based on history, the 4th quarter is the year which bitcoin rises and I believe people are still hopeful that to happen.
Losing hope because bitcoin now looks bearish again is bad, that only shows our confidence in bitcoin is not that strong, BTC if we look at the big picture is very profitable this year, an investment that grows more than 100% in a given year, for me, that's a good performing asset.
There is lots of expectation and preparation for the last quarter of the year, and I also think that that last quarter is when some great companies actually intend releasing their project, one of it which I can confidently talk of it bakkt which we expect to have a very big impacts on the value of bitcoin because of the futures product it has.
I am certain that many people would not be affected about the dump that happened recently, but rather they would see it as an opportunity to buy back at cheaper value and even if the coin had dropped to $8000, people would still have rushed to buy it. The future of bitcoin is very glaring to us, it might be creating some suspense right now, but that would just be on a temporary state, which we will get over it when we start reaping the great benefits in future.