My prediction is that over the next 45 days we will see a bleed out to about 6k before another 30 day rise back up to the levels we are at now and I am predicting a much higher volume level at that time. We are out of the bear market IMO but still have some sideways trading before reentering a bullmarket.
Comment:
The boxes on the main graph block a bit of the fun but this second graph should give a good indications of where the price will be moving down to over the next month and a half. There will be a gradual slide down to the ~45 degree angle with a more steep fall and likely a smashing through of the horizontal trend line afterword. At this point I expect the bulls to respond and bringing the price level back steady to ~6.3k.
Lowest price prediction ~5.4k
Lowest price prediction ~5.4k
Comment:
Steepness of current growth ^^