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RE: Bitcoin: How to Read Those Bloody Charts? And My Short Term Prediction.
Bitcoin will definitely recover from its dips but we just dont know when will it be. Until now, it is still struggling to reach even 10k mark.
I agree I do believe it will surpass $20k this year and maybe hit those other predicted highs of $50k. But I think there's been a loss of confidence and added competition. I think once it's been perceived as actually hitting the bottom, the whales are going to jump in and start buying like crazy, which will lead to a price increase, which will lead into perceived consumer confidence, which will lead into more people buying into BTC.