Arriving as it waits for the $ 10,000 mark at the end of March, I think we will go as far back as possible to achieve hope in 2018. What do you think about this situation?
Yes sitting around $9,000 presently, after a low this month of $7,500 and the dip last month to $6,200 which was a fall of 70% from its ATH in December. My understanding is there’s a lot of mainstream institutional and otter smart money waiting to come into the market once it’s believed the bottom of this crash has been reached, and the consensus before the crash was that about $8,000 would be close to the bottom and a good time to buy in - and I think we’ve seen good support for bitcoin around this level.
Once that smart money does start coming into the market the price should start increasing steadily which will draw in new investors as well with FOMO. That should send the price back up to $15,000 and then the ATH of $19,000 will be tested. Whether that happens in May/June as many think or in an October to December rally as in previous years is unknown, but yes I believe it will happen sooner or later and never hurts to have luck on your side!