You are viewing a single comment's thread from:

RE: It may take 2 years before Bitcoin reaches 3000 usd again

in #bitcoin9 years ago (edited)

Now look at the daily chart

The strongest steapest peak is on Lord Ascension's Day of 25 May.

After that it looses steam and makes a huge round top and at he 2400 usd level cuts down through the ultra steep trending support line.

My feeling: we are in a bear market as of 26 May.

Sort:  

My feeling: we are in a bear market as of 26 May.

I don't think so, take a look https://steemit.com/cryptocurrency/@park.bom/my-short-thoughts-on-btc-27-june-2017

As far as we above 2400, It's only consolidation for me. Even on your picture 2, we did not reach the upper boundary of the channel (as in 2013).

I would hate to see these 'overshoots' like the two ones in 2013. See how long it took to go down and before a new bull run began. More than 1.5 years !
When Bitcoin follows the trendlines within the channels, it already doubles every 9 months in value !

Coin Marketplace

STEEM 0.06
TRX 0.28
JST 0.046
BTC 65803.70
ETH 1957.39
USDT 1.00
SBD 0.52