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RE: Is BitCoin at the Bottom of The Correction?
At the moment it's all akin to reading tea leaves trying to make predictions on these things. In the meantime let's just keep feeding Steem with as much quality as we can find :)
Even if it doesn't go to the number I predicted in November, the point was, a large correction before the end of the year was going to happen. Easy tea leaves to read. When it dropped 2,000 earlier in the month was not the correction.
Yeah that huge influx of assets in the past few months takes some time to be "distributed" and find it's real weight in the total market cap as the curve settles again. The Bitcoin Cash shenanigans in the past few days along with the coinbase and changelly controversy didn't help much though.
Thanks for your thoughtful analysis!