You are viewing a single comment's thread from:

RE: Why Bitcoin Could Reach $23,000 Soon

in #bitcoin7 years ago

Thanks for the quality analyses every time. I, however, disagree to this one. Another big factor is people's price memory - Ripple, Cardano, Stellar, ... have consolidated pretty strong resistance levels during the period while they go up crazy. You may say that they were too short period of time but if you look at their price charts, you would see their own way of consolidation happened. Those alt coins prices have moved up 4x - 10x since mid-December; they may give up 20 - 30 % (even up to 50 %) from the current high when this price churning gets settled down but I don't think they would give up entire gain since mid December.