Historical data suggests the op's pessimism is correct.
I'm also predicting a rise to 800-850 in a few days' time, and then a slow but accelerating decline for the next 5-7 weeks. Don't worry, though, as we will see a return back to 500 by March/April 2017.
Topic: Next week double top @5530 CNY down we go... - page 2. (Read 1255 times)
Interested what data or information you are basing this on.
I do think that the recent rise seems pretty strange since there is absolutely no good news in the last few weeks.
(Actually most of the news I've heard is about fighting over segwit and confirmation and blocksize issues.)
Most people in the West are going to be spending money on holiday gifts and travels,
so its up to Asia if we are going to see an increase in the price of BTC.
I do think that the recent rise seems pretty strange since there is absolutely no good news in the last few weeks.
(Actually most of the news I've heard is about fighting over segwit and confirmation and blocksize issues.)
Most people in the West are going to be spending money on holiday gifts and travels,
so its up to Asia if we are going to see an increase in the price of BTC.
Yeah boys dream is over next week, its time for a correction and a 3 month break before we go up again...
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