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RE: Bitcoin (BTC) Morning Update: The Final Dip?
So what are long term investors thinking? I'm guessing BTC will stabilize for another month.. consolidate 7-10k for a month or so until June then start an upward trend towards 12-13k range.
In Fall next year it will again go parabolic as the SEC/gov regs become more certain and institutional investors come in. With the institutional investors will come the mainstreet money again and it will go parabolic. $26-28k by year end. Then 2019 BTC will be at 30k+
I agree we will likely have til the end of the month of this consolidation until we start going back into an uptrend. We might hit a lower low but i think it would be short lived. I am mostly expecting some of these shitty alts to die off and some of the better projects that are now realizing some of their potential to start climbing in market cap
Optimistic POV :)