.. 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.
You are just here on September and for sure you actually didn't know the flow of the price of bitcoin, if someone told you that bitcoin will reach $50k this year then why would you believe that? No one knows here what would really happen on the market, all people here are just predicting and there is no exact prediction happen with their prediction. Don't invest immediately if you didn't fully understand the flow of the market.