Don't think so. Check the monthly chart. Same pattern as in 2013. Highly overbought.
MaffeProg
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@mirzap, What you want I see its in a bullish trend. You can trade against it but you will lose like many people try to trade against bitcoin. So yeahh there was 1 bearish trend but it doesn't say it will repeat.
And I agree bitcooin is overbought but that doesn't mean it will fall like grazy if it wanted to it already did when china bans bitcoin. But it did only for a little period.
mirzap
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@MaffeProg, It must fall like crazy to go to 10 or 15k, or more. The rise to the 5k didn't come from 2k or 3k level. It came from 400-600$ accumulation level. It happened before (twice), it will happen again.
I'm not trading btc right now, it's dangerous. This may well be bulls trap. Good day to you ;)
@MaffeProg, yup. We will see where it stops. Its long time until fork. Anything can happen. That's why I'm not trading btc right now nor buying. Just holding my stash. Soon it'll be good time to buy some alts, when they hit ATL.
MaffeProg
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@mirzap, that's also difficult. If bitcoin crashes what I expect after this last run alt can go with it. Trading alts will be boring again. Some alt devs will stop because they don't see it anymore I think you can compare it to a stock market crash first everyone thinks it keeps going up there is not an end and the economy grows really big. Then is crashed and almost everything goes failliet. Then the next built up begins. I guess this will also happen to bitcoin. I believe it can reach highs like 50k but not in this run it needs to crash big first than swipe away al shit ico companies. Then build up and even bigger companies come. I think you can compare bitcoin to the email and ethereum to google email will never go away but can be used less but google can crash hard to come back really big.