As last year at this time bitcoin was about 1k and it had a magnificent rise to nearly 19k in the last month of last year that's around 1000% increase within a year. It was a breathtaking year for bitcoin and the investors too. It was doing just fine in the few starting days of this years first month but went back to around 10k. Would bitcoin repeat its last years pathway and show a significant increase in its price or take the opposite direction!
What do you think and why so?
I think Bitcoin would not perform well this year considering the graphs it has had in the past. I believe we won't see any fast price upward movements going to new all time high this year. If history were to repeat itself, I will say that 2018 is the year of bitcoin's dump. If that happens, we would need to wait for a year after the halving in order to see new all time highs again.
Well if you've been dealing with btc for years now, you know that graphs don't really indicate anything. Bitcoin often moves against technical analysis and it's hard to really predict how it will move. And is it really that bad that we're taking a long time around 10k? Its a long way from where we were last year