BTC - Seems to be returning back to it's average Growth Value - This is nothing to worry about and BTC is not DEAD (Not yet anyway). I personally don't have much interest in BTC myself as a use value - However it is used to trade with ALT coins.
I presume that this 6 month bear market we have been in is literally just to bring it back to its average growth value - When it hits this - I expect a trend reversal for a few months of steady gains again. I do not predict a bull run anytime soon - as new people will need to get on board and input fiat, Perhaps they are waiting to see what the market is doing, Perhaps they want a lower buy-in price - Or Perhaps BTC has had it's day? Who knows?
What I do know though - Is that this is a correction, What goes up, must come down - Otherwise, it will never go up :)
I do expect to see BTC at around USD $5600 / $5500 - I will only start to be concerned if it breaks this and falls below.
I presume that this 6 month bear market we have been in is literally just to bring it back to its average growth value - When it hits this - I expect a trend reversal for a few months of steady gains again. I do not predict a bull run anytime soon - as new people will need to get on board and input fiat, Perhaps they are waiting to see what the market is doing, Perhaps they want a lower buy-in price - Or Perhaps BTC has had it's day? Who knows?
What I do know though - Is that this is a correction, What goes up, must come down - Otherwise, it will never go up :)
I do expect to see BTC at around USD $5600 / $5500 - I will only start to be concerned if it breaks this and falls below.