And it is rallying: 0.447 touched for the first time in 72 hours!
We've come (fallen) a long way if this is what constitutes a rally nowadays!
every rally has to start somewhere.
It will probably encounter some form of resistance around ~450, ~470 ~500, ~670 and of course ~1000 and ~1400 (and probably more price points) but it will eventually go pretty fast and it seems to be starting now. It will probably take a couple of week or even a month or two to fully develop though but all signs are pointing towards a forming rally.
And the top will most likely be somewhere between 5000 and 7000 or something indeed.
I think it very hard to call the next top already.
It really depends on all the news.
For example, when a government declares bitcoin national currency, BTC goes much higher than 7000 (add a couple zeros)
But, when proof exist of a fatal flaw in bitcoin we pretty much go to zero.
But, I very much like the binary bet.
It will not most likely go to 700 000 USD at this rally but 7000 is realistic based on so many previous rallies.