I have a symmetric triangle drawn that im following on the 4h chart and it's testing the lower end, still not tested but about to, if it breaks I would expect it to go lower but there's still hope that it manages to break to the upside. It will be decided within the next 72 hours I would say.
If I had to guess, I think we are going higher and sub $3k prices will come in 2019 after the latest panic sellers leave, right on time for big pockets to enter for Bakkt. Then Fidelity, ETF + Halving with skyrocket it within the next 2 to 3 years and people will kill themselves at not buying at current prices.
If I had to guess, I think we are going higher and sub $3k prices will come in 2019 after the latest panic sellers leave, right on time for big pockets to enter for Bakkt. Then Fidelity, ETF + Halving with skyrocket it within the next 2 to 3 years and people will kill themselves at not buying at current prices.
What level is that support at? If we follow loosely follow any previous crashes we are already around the price level we need to be (80%) drop and we'll stick in this range for some months before a slow climb back to the previous ATH. I think this time a recovery could be potentially quicker due to the upcoming events you spoke of, on the other hand it will require more to move the price from $3k to $20k than it did from $200 to $1000.
