It's hard to predict the future. However with some chart analysis, we can clearly tell that something is about to happen. Let's be honest - most of us know that the price we are at is decent.. but not cheap enough to stack up for the long run. We are slowly approaching the holy grail (of post 2017 bull run) price at around 3-5k. At the same time, with people's awareness of it. It'll be harder than ever to sustainably trade at that level. Why? Because everyone will instantly jump on the train resulting in almost instantaneous price increase. There's not much room left we can keep squeezing the price to. The lower we go the harder it will be to sustain that price ( as risk/reward increases ). On the other hand, not many consider current price as attractive.
As a result, we find ourselves in a peculiar situation. We won't go down much as the price will instantly jump back up. We also won't decrease in value as well. Personally, I see bitcoin as a swing/day trading opportunity at most. Even the slightest decreases in price often are negated within a short period of time. At the same time... BTC seems to be somewhat following the economy. If things stabilize worldwide, we could be soon looking at a brighter future for crypto. For now, after multiple green candles the opposite is coming.
As a result, we find ourselves in a peculiar situation. We won't go down much as the price will instantly jump back up. We also won't decrease in value as well. Personally, I see bitcoin as a swing/day trading opportunity at most. Even the slightest decreases in price often are negated within a short period of time. At the same time... BTC seems to be somewhat following the economy. If things stabilize worldwide, we could be soon looking at a brighter future for crypto. For now, after multiple green candles the opposite is coming.