Bitcoin long term view - when to invest.
Judging from some long term trend lines seen in the photo, we can expect bitcoin to consolidate around this area and prepare for another bull run between late February and mid March. That time period will probably be the best time to invest. Once this price continues to stabilize for a few weeks it will signal that this was a correction and a bull run is impending.
I think this will be an extended bear market because of all the uncertainty and FUD in the space. China cracking down again plus S. Korea implementing harsher regulations has set the market back a few months. The true value of BTC should be closer to $3-5K considering the fundamentals.
Ya definitely but I’m also considering the incredibly bullish SEC hearing in the USA basically road mapping long term investment and how much room the market has to grow. That on top of the stock market correction, and many new altcoins coming out with some of there first real roadmap accomplishments will be very nice.
Patience is the key. Wait for the trend-line break, and attack!