Besides the sensation that the bulls are back, we are in a dead cat.
We still have three fundamentals to be tested:
1) The end of the year, which traditionally is bearish.
2) Chinese News Year in the middle of January
3) SEC decision about ETF in the end of February
The two first will bear the market until it reaches the bottom, happening between 10 January...
All possible outcomes for #btc this year.
At the beginning of 2018, the year end prediction was around $40,000 USD by December. However, the correction lasted longer than expected and almost half the
year has passed, turning the previous prediction quite unrealistic, as the price would have to appreciate some 400% in the next 7 months.
The logarithmic chart...