4-5k BTC mega bounce

[Allura]

All speculation:

In my opinion I believe the bitcoin market is gaining great credibility and development this year, and we've only been in 2018 for ~4months. The bear market will stop at the last point of support which is ~4k - 4.3k. A lot of people have been using



as a reference. The last phase is the blow off phase, and the linear trend line shows, that 4k - 4.3k is the "mean" price. I say mean in quotes because I haven't done any calculations. I believe, we will see 50k before the end of the year, as long as the price reaches below 4k - 4.3k. According to previous years, Jan - Jun is a period where price staggers or falls. We are out of March, and into June. June should be the final month of the bear market. My advise is don't buy bitcoin or your shitcoins until we reach 4k-4.3k.

Circle (aka JP Morgan) should pump this price greatly. Once it hits the blow off phase, institutional investors will jump in. It made sense they didn't care for it at 20k (thinking about it now). They will care for it at 4k A LOT.

I don't believe 6k or 5k support will hold. We are going to the last support line (because that is what institutional investors want). To everyone who says Crypto market is dead, its not. If crypto dies, coinbase, bittrex etc will lose a lot of business. They are unlikely to turn losses because they don't invest in coins, the help you buy and sell from other people. They have funds which they can use to help the crypto market. Crypto is not dead. Not yet at least. It will die once countries start issuing their own coins.

Another great thing about this dip is we know EXACTLY what coins to invest in. Altcoin prices revolve around bitcoin prices. We ripple can reach ~$2, ethereum can reach ~$1000 when BTC is $15k - 20k.

See you at 4k, or rather 3.5k
~Fuck Bitcoin

[P0STMALONE]

bitcoin should die. lets use back paypal.

[Fujiyama]

bitcoin should die. lets use back paypal.

Noone likes Gaypal

[Allura]

bitcoin should die. lets use back paypal.

PayPal is digging themselves a grave

[olgenbeast]

I like how all the experts said that a single BTC is going to cost about 1m in the future but at this very moment it dropped down to 5k LOL

[Allura]

I like how all the experts said that a single BTC is going to cost about 1m in the future but at this very moment it dropped down to 5k LOL

Well the experts didn’t expect a whale retard to dump 1000’s of coins. And it will never be with 1m. Here is one really good reason. What will be the cost to mine one bitcoin? It has to be at least 500k. Meaning it would consume so much energy and the mining hardware will have to be so advanced that it still mines 1 block under 10 minutes.

[techknowlogy]

Yes thats my intention too rebuy alot on 4k
Hope to best

[Fregi]

Just bought some 5ish days ago, lets see what happens.

[Allura]

Just bought some 5ish days ago, lets see what happens.

You should sell imo. This sudden run I feel is a trap

[Patek]

BTC recently hit double bottoms and keeping above support atm, seems like will dip to around 6500-7k and bounce back to 11-12k next week or so. Just some simple technical analysis from looking at the chart tho.

[Fregi]

So you think I should sell right now? i got a solid 15% in the last few days

[Spilotus]

If you have a lot I would sell, if not just hope for the best. It's a gamble anyways

[Allura]

BTC recently hit double bottoms and keeping above support atm, seems like will dip to around 6500-7k and bounce back to 11-12k next week or so. Just some simple technical analysis from looking at the chart tho.

So what it hit double bottoms. His isn’t the stock market. If we use the logic of double bottoms then we’ve seen plenty of them but the price kept going down

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So you think I should sell right now? i got a solid 15% in the last few days

Yes you should sell. It’s a good sell for short term investors. However, everything depends on your investment style, goals, plans etc. I only old a little BTC because I am still bearish on it. I can hold out till the price reaches 10k and not make a loss. So it depends on how you invest

[shipo95]

I think it will go up like the past year