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RE: Will bitcoin's fade be good news for altcoins?

in #bitcoin7 years ago (edited)

I think Bitcoin begins to decline. It could fall to 5000 (green line). The blue lines are the long term range and the red linies are the range of the current bubble. the price could touch the lower red line and then go up to 10000 by the end of the year.

ScreenShot_20171106204649.png

See also here: https://steemit.com/bitcoin/@sevenseals/today-i-sold-a-tenth-of-my-bitcoins-now-it-follows-a-bubble-or-a-fallback-to-4800

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I guess there are so many possibilities right now... what if with this hard fork its valea splits half and a half? It will be worth 3500$ then but who knows for sure?

Not right, at least, not until after the fork. Im sure BTC will quickly recover above $7000. BTC major correction is yet to start. I can only see BTC dropping to $6400 before $8000.