Bitcoin back to June 2017 or start journey to new HIGHS...?
Well, here is my opinion: Looks like we are definitely having some big manipulations, but I strongly believe that we are going to see higher prices for BTC this year, maybe not new ATH , but 10-15K should not be a problem.
Right now lot of people are talking of this next support, which is now around 6400-6500$, as of "Bitcoin`s last stand" and that if we brake this one, we will see 2-3K which is actually BTC`s price this time last year, and that if this happens, it will happen very fast. I don`t believe in this, there is a possibility that we go below this support, but I think that even if this happens, we will not see price this low. There could possibly be some side movement, but somehow, for me 5K is something that we should not cross.
On the other side, some are predicting 12-13K in mid July, but I also think that this is not going to happen, I think it is unreasonable to say that we will have 100% price up within a month. YES, it did happen before, but that time it was euphoria among people and that is what pushed it.
People are also trying to place BTC into CYCLE patterns and to predict it`s movement based on that, but we must realize that BTC and actually whole CRYPTO is something else and that it can not be compared to other assets. CRYPTO is simply the future and things are now moving lot faster then before, so we will probably see unusual movements.
So, I think that we will not go much more down, but that we will begin going up or sideways for a while, but again UP after that. I don`t think we will see any HUGE pumps or DUMPS, but we could see a lot of BIG ones, like 1000$ up or down which will again be whale manipulations to get a lot of high leverage positions REKT.
I hope that most people will agree with me and HOLD BTC and other ALTS and not sell it cheap, because we are actually the ones who are determining the price and you should all REMEMBER, those whales that are manipulating the market and bringing price down are actually here for PROFIT and they will have to bring price UP at some point to get it.
This could be a long and painful journey, but should definitely be PROFITABLE!