As you can see from the image, BitShares (BTS) has been correcting basically all year with a couples bumps along the way.
The price is currently sitting at about $0.11
The first bull run that went to $0.40 dropped back down to around $0.05 and then skyrocketed to almost $1!
How much lower could BTS possibly go?
It would seem that we are reaching a point where BTS might hang out awhile until the next bull run, with a possibility of going down another cent or two.
Hopefully we see a bull run soon. That will most likely be based off of when Bitcoin decides to skyrocket.
If Bitcoin drops more, I don’t really see BitShares dropping too much more based on the previous low was $0.05 and usually prices don’t return that far down below. They usually return to about double that, which would be $0.10.
Just hang in there, don’t get margin called, buy if you can, stay patient, and even if it takes until sometime next year for another bull run, you don’t want to miss out.
This next run would definitely take us above $1, possibly close to $2, or even over $2, I’m not too sure to be honest.
There’s a lot of interesting news coming out about EOS with this DWeb and DBank and how it can integrate with BitShares, so it might be another thing for BTS to take off!
We will just have to wait and see.
Stay safe my friends and have a great rest of your day!
*This is not financial advice and is simply my opinion. I am not responsible for money lost due to my analysis