It's been on a high lately, and I would've guessed that it would've fell already, but it keeps climbing. When will it fall? When should we sell? Or should we hold through the next fall?
what comes up must come down.
What you have in red is exactly right and i wish that more people realise this.
Bitcoin will be a great investment but right now, the price seems to be somewhat inflated. Any logical person will quickly figure out that this isn't the normal price level that bitcoin belongs at, and a correction will happen sooner or later.
We have seen btc go down to $3800, and rebound back up to $4100. I think that at early or mid next month we will see another downward adjustment to around $3500-3600, now one of two things could happen, a rebound like this time or price will continue to spiral down. But something has to happen by the end of next month, imo.
Well yes, that's true but that doesn't necessarily mean that price will drop down to <3000$. We've seen the price dropping down from $4200 to $3800 and is now orbiting around $4100. That's a drop in my book and the drop of ~$300 isn't that small to be ignored and is to be considered a going down from "what goes up must come down".
I don't really believe so, maybe it will fall down to ~$3700-$3800 but hardly anything below. I mean, don't get me wrong, I'd be happy if it was so, as much as I'm concerned it can drop down to $2k because that would mean I could be buying more btc.