How about let's investigate the long term trading view for BTC , since most of us are personal investors, it's difficult to beat the market in short term, such as frequently daily trading, especially in bear market.
Is it possible to break the all time high market cap around $85B?
I think yes, because of :
$85B market cap is around a major tech company in Nasdaq, in the near future, more and more promising project will be grounding
Crowd adoption is low compare from mature market, more and more people will know and belief how the block chain tech will change the world
Conservative estimation in 2020, the total market cap for crypto market will be more than $3T, 10x times of current market cap.
But time is the magic for 10x, even more.
Let's investigate when?
My prediction shown as the red , I think BTC or overall market need time to find a bottom, and then the long term bull run will be start.
I think we may need half or one year to find the real bottom(around 3000-6000), in this region, a middle term shake is needed to collect the momentum for long term bull run. my estimation is around 3 month to half of year to shake in this region. so next bull run should be start in the beginning or middle of 2019, when the week touch or below 30, 2 or more times.
Forecast in 2020
BTC : $50000
Crypto Market cap : $3-5T
BTC dominance : 20%
Fix investment plan for BTC/ALT when BTC price in region 3000-6000
My picks for your reference:
My plan is buy in from the middle of Sep. expected the last dip in the Jan of 2019