BITSTAMP:BTCUSD Bitcoin / Dollar
Trade active: Expect further fall in bitcoin as described earlier.
Trade active: Following up on bitcoin. I expect a rise to $691.00 levels before a strong continuation down. Chart later. NB: I maintain the view that bitcoin should drop to below $100 soon. After that expect a strong re-bound to above $2000 levels.
So have you factored in fundamentals like the growth of the Bitcoin network, block reward halving, Segwit/Lightning Network and so on? Throughout 2015 whenever BTC dipped below $200, it never stayed there for more than a day. Yes, it would be an incredible opportunity to get Bitcoin at $100 again but I don't see it happening unless some catastrophe hits.
People should not mistake me when I call for bitcoin to fall to below $100 apiece. The fact is, when it gets there, you WILL have the chance of a lifetime to accumulate as much as your pocket can allow. And after that, expect bitcoin to rise tremendously to $2000 and beyond. Patience is key in the market.