I really hope BTC can increase again. But look at reality in my opinion based on technical analysis, this is only a correction in a long downtrend period
It is difficult for Bitcoin to grow again in a short time
draw a line from novmber 2017-february 2018.. and then between those dates. cut off the mountain above th line.
now you will see a simplified view of where real value is.
forget about trends and patterns of the hype(ATH) and stick to the thought process and logic of the bottomlin value.
think logically.
when a group of people sell at $4k last year. the new group(the buyers) get it for $4k and wont sell below $4k
kep that in mind. let it play around in a analysis of volume traded for a year. and eventually youll se that those holding bitcoin eventually round their option to sell to not go below $4k.
then as we approach novmber 2017- august 2018 there have been 9 months of oppertunity for those that would sell above $4k to sell above $4k.
eventually as it swaps hands all those wanting so sell have sold and this creates a support price of above $4k. and by august with thee 9 months of viable oppertunity. the comunity is now testing a $6k bottom.. which has held quite well
also with mining costs due to hashrate increases have miners who would now refuse to sell for less than $6k too
if the hashrate went below 40 exahash again in th future then those miners would see profit below $6100.
so as long as hashrate stays above 40xa from now on even miners wont sell below $6k
..
as time goes on hashrate rises, miners increase the minimum limit of what price they will sell for. and traders swap coins and set new minimums too
no one can predict the next ATH.. but it is possible to analise the LOW. and we are at the low range which over time will go up
in short. the correction has already occured and we are no longer at the top of a mountain but standing at ground level