.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle. I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again? It just seems like a really long sideways movement.
On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers. What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)? Another month? March?
I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).
Thanks.
As we can see, almost two years have passed since the writing of this topic, and we are still talking about a high share of the likelihood of another drop in the price of bitcoin at its current rate of just over eight thousand dollars. And again, no one can say what will happen to the price of bitcoin even in the next few months. I only know that bitcoin will rise and fall many times in its price. It seems that by the end of this year we will not see his previous price record, but next year it is quite likely.