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RE: BITCOIN Still On The Hunt For Fair Market Price -- Maybe $2,975?
I'm glad you are writing more detailed report compared to other analysts on STEEM. $1,800 and $1,360 is my favorite because i honestly don't think prices would fall much further. what I'm seeing these days is products with utility gaining more traction. In Venezuela KFC will be accepting Dash. There are many EOS apps that are doing millions of dollars worth transactions. That's real world usage. These things will give a real boost to the prices eventually.
Yea, that's what basically did it on the last bounce. We found stabilization and then news started getting out about more things taking BTC, it being used for more, more potential big money coming in, etc...then prices went up and that put it in the news more and then greed and new money came in and yadda yadda. I think BTC will likely test $1,800 to $1,200 in that range....it will stabilize somewhere in there and then we will start the cycle all over. News of BTC being accepted and other crypto happiness, prices will go up, that will make more buyers and push prices up, people claiming crypto isn't another bubble, money drives in, we go parabolic and crash again. BTC to $100k this time? lol. No idea....