The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.
Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?
No, you can never assume that it all happens because of that index tool, you still have to think that none of these market charts tells the right position of the market in the future, and you are talking about this year? Because this stuff (price index) is just showing what is currently happening in the market and of the previous days, but not what will happen in the incoming days.
If you can just think in a few minutes, people never believe that Bitcoin will be able to reach the current level. It happens so many times and so nobody could tell what really happen to Bitcoin this year, maybe if we are predicting tomorrow or next week, we can possibly be right, but as we are predicting this year, that seems impossible.