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RE: Bitcoin (BTC) Mid-Day Update: Corrective Wave B of ABC Nearing Completion
I think it is going back to the 6K low again in the coming weeks/months. Worst case 2,900.
Here is my analysis.
https://steemit.com/bitcoin/@crits/bitcoin-price-drops-in-the-past-compared-where-are-we-going-how-long
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It could really go as low as 3k$, hoping for a bounce to 13-16k$ first and some chart patterns that could help predict if it will happens or not ... it's the 5 3 5 hypothesies where we are at the end of the B of the 3. Taking account of the whole history of bitcoin it makes a lot of sense, but I will be optimistic about the price at the end of this year, it could really reach 30$k if not 50k$, BTC is really sensible to news, and lightning network, atomic swap and any other upgrade could bring a bull rull never seen before. Again I'm hoping we will see it coming on the charts ...
Do you think the same even if it does drop down to as low as 3K? will your prediction of the $30K at the end of this year change because of the current drop? such as roughly bottom at $7-8K or $3K?