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RE: Bitcoin Rally Possibly Exhausted.

in #cryptocurrency7 years ago (edited)

I think Tone Vays forecast is correct. Personally, I'm looking for < 5k before laddering in buys again. I think we could see the market bottom out in 2019 and see 20k again by summer, but the next mania / mass adoption attempt will be an order of magnitude above what happened in 2017. I think the next peak will be in early 2021. If the tech is ready next time solving the scaling issues, then we could plateau without a crash afterwards.

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Sounds very reasonable to me, I am also not convinced 6k is fair value for BTC at this stage in the game, plus too many overvalued altcoins out there.