Do you think Bitcoin will go higher in the next 1-2 Year ? I watched the TA from @sgbett and he is saying Bitcoin will drop. I want to buy again because the last time I buyed it was $3K.Do you think it's a good time to buy again or should i wait ?
I think sgbett is misapplying the 2014-2015 fractal, trying to force it on the current chart despite all the divergences. In my opinion, the mid-$6,000s last month were probably the lowest we'll see.
It's looking very strong now. I was expecting us to go somewhere between 8.3 and 5.5k after breaking 7.7 resistance, but the buyers got tired and slowed down right at 8k, which isn't an important level. What are your thoughts? Are we going to hold here or go back to 7.5k?
I don't see any signs of weakness yet. I think $8K is just a local intraday top, not the end of this run.
Slow and steady wins the race. The market is building support as it moves up rather than shooting its wad in a fast short squeeze. That bodes well for a healthy new uptrend.