Bitcoin's Daily Ch-Art - To 500 on 15 November ?
Bitcoin today went down through the 2000$ level, but bounced back at the bottom of what seems to be a descending channel - on the linear scale.
With the coming Bip148 and Segwit2x transition lasting from 01.08.2017 to 15.11.2017, there is a whole lot of uncertainty and so a lot of people moving out of bitcoin, waiting for better and clearer times.
When this linear channel is indicative, price of Bitcoin may well go down to the 1000 level around 1 August, move up a bit and then slide all the way down to the 500 level around 15 November, finding resistance on the lower parallel logarithmic ascending trendline. And from there moving upwards for the rest of 2017 and 2018.
Hello! I just upvoted you! I help new Steemit members! Upvote this comment and follow me! i will upvote your future posts! To any other visitor, upvote this post also to receive free UpVotes from me! Happy SteemIt!
Surely no to 4000 en november, after 1 august whe have to be it growing
it has broken the threshold of 2000$ mark today
It seems like the markets are going to keep driving downwards for now.
I think BTC may be able to reach around 1000 but if it does reach 500 then that's a spectactular opportunity for people to invest but it will probably burn a lot of altcoins
If things turn out this way, it will be great for the buyers and newbies, but bad for the miners who'll see their profits tumble down and staying low for over a year's period of time.
@pagandance,
Thanks for sharing this useful information! What I am thinking so far... BTC will rise up and touch $3500 level soon...
Cheers~