Firstly, I will like to congratulate all of us that started last year and today according to my country calendar we are in new year in health and prosperity. I wish all of us traders well.
From all indications the cryptocurrencies market and bitcoin in particular has not seen to be in the bottom yet and the bears are more ready to pull down the price further. We don't even know accurately were the bottom is and according to some speculators bitcoin might go below $3000 before we can see good recovery.
My question is this: were did you think Bitcoin's price will be at this time next year and What are your thoughts and technical reasons why bitcoin will not go beyond $3000? Your views will be appreciated. Thank.
I don't think BTC's price is always too low. Its price will recover in 2019 and it will increase to $ 6,000. Because if the price of BTC is too low, other manipulators will be set up with a larger capital, they will buy the BTC and will kick the old whales out of the market easily. that is the nature of the decentralized market. so whales will not let the BTC price too low.
Now after which, in case you see what it's miles lowest, it is the satisfactory year for us. Then, it's a totally incorrect manner to look the fall of the blind, it's going to likely depart a few traders to be sincere with you. If there is a good success, then we are able to get a higher year and some of them will stay for a long term.
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