Bitcoin seems to be following the New Paradigm Chart very well. I'm not a Bitcoin hater, I want Bitcoin and the Alt coins to succeed, but we can't wear rose colored glasses we have to be realistic. Bitcoin looks bearish still. It would seem a correction to $4500-5000 then back up to around $7500, then back down again to $3000 where we fall under the 'mean'.
I still have I hopes for Bitcoin and Alts coins and believe they are here to stay, but as far as right now Bitcoin going back to $20,000 and beyond doesn't seem likely.
I still have I hopes for Bitcoin and Alts coins and believe they are here to stay, but as far as right now Bitcoin going back to $20,000 and beyond doesn't seem likely.