As Ron Burgundy would say... "Well that escalated quickly..."
Another correction, another day in crypto. This one just felt extra painful because the pump was much stronger than usual. But I think the pain is almost over. BTC has hit key long-term support lines and it looks like it is close to touching the oversold area in the RSI similar to 2 previous occasions. The next bull run could be up to $27,000-$30,000 within the next 30-45 days. Seeing how there are more people in the market, things may start to accelerate.
If you average the gains made from the lows, you can expect around 150%-200% gains. I expect money to move into BTC and keep the alts at a suppressed price value. Their fiat value may rise with BTC but I would expect their BTC value to remain at its current levels if not recover slightly. This may vary since a lot of the older ICOs from last year will be launching Q1 of 2018.
Another correction, another day in crypto. This one just felt extra painful because the pump was much stronger than usual. But I think the pain is almost over. BTC has hit key long-term support lines and it looks like it is close to touching the oversold area in the RSI similar to 2 previous occasions. The next bull run could be up to $27,000-$30,000 within the next 30-45 days. Seeing how there are more people in the market, things may start to accelerate.
If you average the gains made from the lows, you can expect around 150%-200% gains. I expect money to move into BTC and keep the alts at a suppressed price value. Their fiat value may rise with BTC but I would expect their BTC value to remain at its current levels if not recover slightly. This may vary since a lot of the older ICOs from last year will be launching Q1 of 2018.