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RE: Bitcoin's price is at a critical crossroad
I think Bitcoin will likely be on a downward trend through Q1 of 2018. It seems as if this happens often with Bitcoin:
- Bitcoin begins to take off to new ATH's
- Media attention generates interest
- A small mania ensues with new people driving the price up
- After the peak it drops ~50% and FUD sets in
- Gradual decline until it stabilizes & then the cycle begins again
I believe all the likely people to buy into cryptocurrencies have already done so through this cycle, and the sellers outnumber the buyers. Given time, the cycle should repeat itself and we should well see Bitcoin soar past $100,000 generating a flood of new investors who are kicking themselves they didn't buy in the last time they heard about it on the news ;)
Just my 2 cents. Great article @jrcornel.
(More info on this cycle can be found on an article of mine HERE)