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RE: BITCOIN Still Battling Down Trend Resistance On Weekly

in #bitcoin6 years ago

I can't see Bitcoin dropping to 3,000 right now. I know this is a bearish market however I see other blockchains probably not surviving for too long. I think some of the newbie traders last year are going to be coming back looking to invest in blockchains that actually have launched successful dapps or platforms. Established and reliable. It would be nice to see people just hold their damn altcoins for a while and stabilize the prices and actually make the tokens and coins worth having lol. This is why I like the idea of social mining and staking. I personally see bitcoin at around 8,500 before December. Projects with working dapps/prototypes/platforms that provide real use cases are going to have a decent Q4 2018.

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realistically I don't either. Lots of bad stuff would need to happen. $5k, yes -- I can see that. That was actually my target at the beginning of the year. However, I think this potentially could be a low and we'll see longer stabilization before a new bull rally. It will be slow just like it was 2015-2016

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