I believe in bitcoin long term, but I also believe in human psychology as it pertains to markets and there is a lot of new blood here in the crypto world. This is my long term prediction for bitcoin; i am hopeful ~$3,450 holds but I'm not convinced yet. Hopefully I have this chart all wrong and by publishing it it brings us back up to All Time Highs. However...
This is setting up to be a perfect bubble pattern (Google Wall Street Cheat Sheet) I could see a flash crash to $2,800 a rebound up to $4,000-$3,800 and then a slow slide down to $2000-$1700. Everyone rage quits. David Seaman contemplates suicide. Level out around $1500 in 8 months or so.
This is setting up to be a perfect bubble pattern (Google Wall Street Cheat Sheet) I could see a flash crash to $2,800 a rebound up to $4,000-$3,800 and then a slow slide down to $2000-$1700. Everyone rage quits. David Seaman contemplates suicide. Level out around $1500 in 8 months or so.