I read in the article below that the trend in the bitcoin graph showed strong bear consolidation signs and price could be expected to go down as low as 4K and sit there for a while.
Adding to it, you can read in the link below how all the mandataries in Davos a few days ago were virtually bashing Bitcoin because of their allegations of it being used to finance terrorism and illegal activities and how are they looking to regulate as much as they can. So price could go even lower if they succeed.
https://diarweekly.com/volume-2-issue-4/#2
At the same time, companies specialized in analyzing the blockchain to determine which coins are suspected of being involved in illicit activity, say that approximately 1% of Bitcoin transactions are suspected in illicit involvement, virtually revealing how Davos statists' rally is tailored to keep their rich a*s privileges, while taking away more of your common folk liberties.
So people who uses their heads to think will do as the people in China, and get around government, hopefully.
https://cointelegraph.com/news/how-chinese-bitcoin-buyers-are-getting-around-government-ban
And on the other side, there are these beautiful Monte Carlo simulations on Bitcoin price for this year and it's price prediction falls somewhere between $24K and $90K, so you'd better hold tight to your coins to be able to buy yorself something really nice and expensive before Christmas.
Not long ago, in other forum someone published a nice progression graph showing how this price low is only a market correction, so based in previous performance, this last simulated price rebound scenario could be something very possible to happen IRL.
https://postimg.org/image/t6p3axzzf/
Truth is, who knows exactly what will happen with Bitcoin price this year... All I know is that it will be interesting to see what happens. Meanwhile, the coin (no pun intended) is in the air...
Opinions? Ideas? Let me know in the comments that you think. And if you liked my post, dont' forget to vote me up.
