I did this chart back in Feb as a quick snapshot to another chart and received the usual fan mail from LTC community. Now I think we can all see the fallibility of this rampant crypto-speculation. I doubt we are stopping at 9k BTC
, probably we won't stop at 8K. With every 1000 dollars we descend we meet a new buy-in range where people faithfully invested their money as they had been told to do on a raft of Youtube and Twitter
channels. This will set off a panic, a real panic that will drive prices below 5k. Expect months of bear market, real bear market. This downtrend has been bullish imo
. 20k will be in 2019.
Best of luck, and always listen to cycnics as much as optimists!