As you can see from this chart I am very optimistic in the long run for BTC. Yes it has been a long dreadful correction for the crypto world, but honestly this is actually real good for the future growth of cryptocurrency and if history is any indicator, we should see a very nice bounce back to new ATH in the next 6 months or so. In my opinion, we are very close to a bottom here. Yes there could be one more drop for BTC that could bring it down to around the $4.8k - $5.2k range, but this should happen soon if it does happen. My prediction is aggressive to say the least, but looking at how BTC has done in the past, $80k seems very possible by end of year or early 2019.
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This is that drop I was referring to right here. We are going to see the Low $5k's in BTC.Trade active
For a while I have been saying that BTC would most likely go below $5k and I believe it will. I am almost positive that the ETF will not be approved at the end of September and this will make BTC tank and possible go into the $3k's
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.