If History rhymes, then the worst for Bitcoin could be behind us within ruffly 6 months
If we take a look on a Bitcoin Chart starting with the exchange Mt. Gox from 09 Sept. 2011 through to 26 Jan. 2019 with Bitstamp things look quit normal on a logarithmic scale. True we could still fall to aprox. $2700 in a flash crash and that would most likely be scary again, but if it were to fall to these levels the price wouldn't stay there very long.
Take a look at the composite below.
We are in a much better situation fundamentally speaking. Infrastructure, security for the most part, hash rate and for the Alt-Coins business models are developing into mature Systems. The whole Eco-System seems to be much stabler then in the year 2014 obviously. Even the mainstream media is starting to take notice what is behind the Blockchain of these various Coins and Tokens.
The NASDAQ is quit thrilled of the future for this relative new investment sector and many things are starting to fall into place in case you followed the Crypto-news lately. The U.S. Government shut down has slowed down some important SEC decisions but the market will over come this delay once again. Now that the shut down has bin upheld for the next 3 weeks maybe some work came be dealt with.
I do not want to postulate too much but if this 180 day MA holds the nest 6 months we might just observe the turn around and start heading higher over come the highs and looking at prices between $30 000 and $50 000 per BTC. This will indicate the implementation of many projects and maybe the Galaxy S10 phone with the integrated Crypto-Wallet will help to make this sector main stream to a greater part of the population. If this were to go really Global the price will have to go even much much higher then the $50 000/BTC mark and the Alt-Coins will not just follow but try to take the lead in the longer term time range.
Do you have an opinion, leave a remark if you wish.
I was hoping for some fundamental analysis when I started reading the article ...